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5451 Hermitage Ave
Valley Village, CA 91607
Build-to-Rent Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Property Size | 10,758 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Costar Property Class | C | Parking Allocation | 0.93/1,000 sq ft |
| Total Plot Size | 0.31 ac | ||
| Use Class | LAR3 | ||
| No. Units | 11 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.31 ac |
| Property Size | 10,758 sq ft |
| Average Occupancy | 91% |
| No. Floors | 2 |
| Year Built | 1963 |
| Parking Allocation | 0.93/1,000 sq ft |
| Use Class | LAR3 |
ABOUT 5451 HERMITAGE AVE , VALLEY VILLAGE, CA 91607
The building has recently been upgraded to a fresh modern facade with wood detail, new roof with a 20 year warranty and new exterior paint. Five units have been completely renovated with wall to wall laminate floors and all new appliances. This building also includes expanded courtyard space and new landscaping with native California plants designed for low water usage. Entire building has recently been treated for any dry wood or subterranean termites with a 1 year warranty. Two new 50 Gallon Bradford Water Heaters and new recirculating pump have recently been installed. Located just South of Burbank Blvd and just West of Laurel Canyon, the property offers residents a very desirable location. Quick access to the 170 freeway and just a few minutes from the NoHo Arts District, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access to the 170, 101 and 134, plenty of employment opportunities in the neighboring cities are also a short drive away. Also within walking distance is the Laurel Canyon Station for the Metro Orange Line Busway. This opportunity is perfect for an investor looking for a recently renovated property with upside in rents as low paying units turnover. ***There is an additional non conforming 11th unit (Two Bedroom/One Bath) at the property which was recently rented short term for $2,925 per month, furnished ***
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 3 | £1,600 | - |
| 2+1 | 3 | £2,043 | - |
| 2+2 | 5 | £2,025 | - |
PROPERTY TAXES
| Parcel Number | 2347-008-027 | Improvements Assessment | £1,808,133 |
| Land Assessment | £1,205,422 | Total Assessment | £3,013,555 |
PROPERTY TAXES
