5222 Hermitage Ave

Valley Village, CA, 91607

$7,700,000

$427 per ft²
$7,700,000
$427 per ft²
Active
Active
 - For Sale
beds
34 Beds
baths
33 Baths
carpenters-square
18,009 ft²
property_type
Multi-family
calendar
Built 1970
We are pleased to present this 20-unit multifamily offering located at 5222-5228 Hermitage Avenue in Valley Village, CA. Built in 1948 & 1970, the properties sit on a combined lot size of 15,246 SqFt (0.35 Acres) and has a total building SqFt of 18,009. The properties also have an excellent and diversified unit mix with (1) Studio, (5) 1-Bed units, (13) 2-Bed units, and (1) 3-Bed unit, with an average unit size of 900 SqFt.Over the past 3 years, the Seller has spent a significant amount of money on interior renovations with 7 of the 20 units being fully renovated and re-leased at market rates, which leaves the remaining 13 units to be improved by the buyer. This offering is ideal for a value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 30%.
MLS® ID:
21-747930
Updated:
6/29/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
34
Total Bathrooms
33
Cooling
Other
Heating
Other

Exterior/Building Features

Lot Size
0.52 acres lot

Other Property Details

Garage
No
Parking
Other
Parking Total
20.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

 

Courtesy of Filip Niculete, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/29/22

Coldwell Banker Realty
Barry Dantagnan
Contact