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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
50446711
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 10
Bathroom Information
- Total Baths: 9
- Full Baths: 0
- Half Baths: 0
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1953
- Building Area Total: 4,794
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2047
- Lot Size Source: Assessor
- Lot Size Square Feet: 8916
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Listing Information
Listing Price Information
- Original List Price: 2,500,000
- Listing Contract Date: 2025-07-17
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 2326014028
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Covered,Door-Multi,Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: VG - Valley Glen
- Postal Code Plus 4: 4516
- Directions: East of Fulton Ave, West of Coldwater Canyon Ave, north of Valley Glen, and south of Sherman way.
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: VG - Valley Glen
Building and Construction
- Property Age: 72
- Year Built Source: Assessor
- Total Square Feet Living: 4794
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 07/21/2025 @ 02:59
- MLS: 25566573
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 10 bedrooms which is for sale, it has 4,794 sqft, 8,916 sized lot, and 0 parking. are nearby neighborhoods.