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$ 1,425,000
Est. payment | /mo
6 Baths
6,534 Sqft Lot
$ 1,425,000
Est. payment | /mo
6 Baths
6,534 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26874537
HOA Y/N No
Year Built 1956
Lot Size 6,534 Sqft
Property Description
Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.
Location
State CA
County Los Angeles
Area Vg - Valley Glen
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached Carport
Porch Enclosed
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID UNAVAILABLE
Special Listing Condition Standard
Listed by Jeanette Monfared Marcus & Millichap #00765098