5451 Hermitage Avenue

    Valley Village, CA 91607
    • $4,050,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 19532264
    UPDATED: 24 min ago
    $4,050,000
    • 17
      BEDS
    • 0.31
      ACRES
    • 15
      BATHS
    • 0
      1/2 BATHS
    • 10,758
      SQFT
    • $376
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    We are proud to present a 10 unit (plus one non-conforming unit) apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One Bedroom/One Bath Units, Two Two Bedroom/Two Bath Units and Five Two Bedroom/Two Bath Units. There is also a non conforming 11th unit which is a Two Bedroom/One Bath Unit. 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. Two new 50 Gallon Bradford Water Heaters and new recirculating pump have recently been installed.

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    Based on information from CARETS as of 2020-01-23T20:50:36.327. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/101308269

    5451 Hermitage Avenue Valley Village, CA 91607

    • Price: $4,050,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 19532264
    17
    Beds
    15
    Baths
    0
    ½ Baths
    0.31
    Acres
    10,758
    SQFT
    $376
    $/SQFT
    1963
    Built
    Neighborhood:
    Valley Village (Vvl)
    County:
    Los Angeles
    Area:
    Valley Village (Vvl)
    Property Description
    We are proud to present a 10 unit (plus one non-conforming unit) apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One Bedroom/One Bath Units, Two Two Bedroom/Two Bath Units and Five Two Bedroom/Two Bath Units. There is also a non conforming 11th unit which is a Two Bedroom/One Bath Unit. 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. Two new 50 Gallon Bradford Water Heaters and new recirculating pump have recently been installed.
    Exterior Features

    Parking Features Covered Parking Parking Spaces Total 10

    Interior Features

    Cooking Appliances Range Cooling Type Wall Unit(S) Heating Fuel Radiant Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Unfurnished Unit Furnished10 Unfurnished Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 2.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bath08 2.0 Unit Number Of Bath09 2.0 Unit Number Of Bath10 2.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 1 Unit Number Of Bed06 1 Unit Number Of Bed07 2 Unit Number Of Bed08 2 Unit Number Of Bed09 2 Unit Number Of Bed10 2

    Property Features

    Adjusted Gross Income 246143.00 Assessed Improvement Value 781591.00 Assessed Land Value 334958.00 Cap Rate 3.70 Country United States Of America Expense Total Annual 90022.00 Gross Operating Income 239725.00 Gross Rent Multiplier 16.45 Hoa YN N Legal Disclosures Rent Control Lot Size Source Public Records Net Operating Income 149703.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Public Records Unit Monthly Rent01 2550.00 Unit Monthly Rent02 1900.00 Unit Monthly Rent03 1459.00 Unit Monthly Rent04 1355.00 Unit Monthly Rent05 1364.00 Unit Monthly Rent06 1900.00 Unit Monthly Rent07 1536.00 Unit Monthly Rent08 1706.00 Unit Monthly Rent09 1363.00 Unit Monthly Rent10 2695.00 Unit Projected Total Monthly Rent01 2550.00 Unit Projected Total Monthly Rent02 1900.00 Unit Projected Total Monthly Rent03 2695.00 Unit Projected Total Monthly Rent04 1900.00 Unit Projected Total Monthly Rent05 1900.00 Unit Projected Total Monthly Rent06 1900.00 Unit Projected Total Monthly Rent07 2550.00 Unit Projected Total Monthly Rent08 2695.00 Unit Projected Total Monthly Rent09 2695.00 Unit Projected Total Monthly Rent10 2695.00 Unit Total Monthly Rent01 2550.00 Unit Total Monthly Rent02 1900.00 Unit Total Monthly Rent03 1459.00 Unit Total Monthly Rent04 1355.00 Unit Total Monthly Rent05 1364.00 Unit Total Monthly Rent06 1900.00 Unit Total Monthly Rent07 1536.00 Unit Total Monthly Rent08 1706.00 Unit Total Monthly Rent09 1363.00 Unit Total Monthly Rent10 2695.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 10 Zoning Lar3

    Listing provided courtesy of Brett Sanson DRE#01387480 of Marcus & Millichap.


    Based on information from CARETS as of 2020-01-23T20:50:36.327. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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