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5451 Hermitage Ave

Valley Village, CA 91607
  • $3,500,000

    Price
  • 20

    Bed
  • 17

    Bath
  • 10,758

    SqFt

About the Listing X75151 - X92444

Built in 1963, this rent-controlled property boasts an excellent unit mix with 3 one-bed/one-bath units, 6 two-bed/two-bath units, and one very large 5-bed/2-bath townhouse owner's unit. Furthermore, three of the ten units will be delivered vacant. The current owners have been operating those three vacant units through Airbnb for the past year with great success, but we assume the buyer of this property will do the standard 1 year lease for these units. The property is situated on a very large lot of 13,545 SF and it is zoned LAR3, meaning you could build 17 units by right, or up to 23 units with the low-income density bonus. The property also does require some soft story retrofitting for the tuck under parking spots behind the building.This property presents an excellent and unique opportunity for an investor to acquire a very well located property, with very well taken care of units, with 3 vacancies and rental upside.

Listing Highlights for 5451 Hermitage Ave

Status Sold
Days on Site 133
Property Type Business Opportunity
MLS ® 18353956
Year Built 1963
Total Square Footage 10,758
Lot/Acreage 0.31

Interior Details

  • Bedrooms: 20
  • Bathrooms: 17 Full
  • Appliances:
  • Air Cond: Air Conditioning
  • Heating: Electric
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: 10 car
  • Zoning: LAR3
  • Roof:
  • Others:
  • Sewer:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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5451 Hermitage Ave Valley Village, CA 91607

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Listing Courtesy of Jason Tuvia, Marcus & Millichap

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