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$2,500,000
Est. payment /mo
10 Beds
9 Baths
4,794 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,794 sqft
Price per Sqft $521
MLS Listing ID 25566573
Bedrooms 10
HOA Y/N No
Year Built 1953
Lot Size 8,916 Sqft
Property Description
*Financial Metrics* - 5.00% in-place Cap Rate with potential to reach 6.54% post-ADU conversion and 17% average annual return. *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.
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 Covered, Door-Multi, Garage
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2326014028
Special Listing Condition Standard
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Listed by Kelly Morgan KW Advisors
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891