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Listed by Anthony Guetzoian • Century 21 Valley Properties, Inc.
$2,995,000
Est. payment /mo
3,355 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 3,355 sqft
Price per Sqft $892
MLS Listing ID CRSR25186207
HOA Y/N No
Year Built 1956
Lot Size 9,970 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Rare Valley Village 6-Unit Apartment Building – First Time on the Market Since 1997! An outstanding investment opportunity has arrived in the heart of Valley Village, California. Offered for the first time in nearly three decades, this well-maintained six-unit multifamily property combines exceptional stability with exciting upside potential. The building offers a desirable and diverse unit mix consisting of three 1-bedroom/1-bath units, one spacious 3-bedroom/1-bath unit, and two studio/1-bath units. Half of the residences have been fully renovated with modern kitchens, stylish bathrooms, and updated flooring, while the remaining units present a clear value-add opportunity for the next owner to elevate rents by completing similar upgrades. Fully leased with a proven history of long-term tenancy, this property is anchored by residents who have called it home for over 20 years. Additional income is generated through the on-site laundry room, and tenants benefit from six dedicated parking spaces with convenient alley access. At the heart of the property, a central communal courtyard with BBQ areas creates a warm, inviting atmosphere that encourages tenant satisfaction and retention. Located on Burbank Boulevard, this prime Valley Village address offers easy access to the 101 and
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613