• 21,588 sq.ft.
  • 33,747 sq.ft. lot
offered at $8,150,000
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1956

Property Description

Great opportunity to own a 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, the property is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Single. The property is situated on a large lot on the corner of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking (43 total spaces), nicely landscaped courtyard, and an on-site laundry facility. With good upside in rents, a new owner can continue to renovate units and increase cash flow as units turn. Furthermore, there is potential to redevelop the property given the corner location and large33,748- SF Lot, Zoned LAR3***The LA City Soft Story Retrofit work has been completed (Buyer to Verify)

Listing Courtesy of Brett Sanson, Marcus & Millichap

Interior Features

Heating: Wall Furnace
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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