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$1,295,000
Est. payment /mo
12 Beds
6 Baths
5,184 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $249
MLS Listing ID 26999715
Bedrooms 12
HOA Y/N No
Year Built 1953
Lot Size 6,111 Sqft
Property Description
Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $215,000 per unit and $250,000 per foot for six 2 bedroom units.This desirable Valley Glen neighborhood is one of San Fernando Valley's most convenient and established rental corridors. The property is a short walk from Los Angeles Valley College. creating a strong appeal fro students, faculty, and local professionals alike. Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting. Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand. The rental income has a lot of upside potential as the averge rent is only $1470 / these two bedrooms support rental income of $2,200Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 8
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2331029002
Special Listing Condition Standard
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Listed by Alex Galuz Keller Williams Studio City #01291486
Nearby School & Business
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