Valley Village Triplex offering a remarkable opportunity for those seeking a prime investment! This property boasts a total of 3 cottage-style units (2 to be delivered vacant). This gem is a rare find in today's market; each unit features one bedroom and one bathroom casitas, providing comfortable, convenient, and private living spaces for tenants. The property sits on a generous lot and offers ample outdoor space. A 3-car garage adds further value to the property, presenting the potential for ADU (4th unit) or providing secure parking for tenants. The unit over the garages has been beautifully updated including new kitchen with stainless steel appliances, stackable washer/dryer, new cabinets, countertops, flooring, mirrored closet doors, new bathroom featuring walk-in shower with new vanity, sink and faucet, and is currently occupied at market rent ($3k month). The other two units are ground level and in great original condition (will be delivered vacant). Rent as-is or update for higher rental prices. Each unit has a private outdoor area to enjoy BBQs and relaxation. Conveniently located in Valley Village (a stone's throw to Studio City), residents will enjoy easy access to a wide array of amenities, entertainment, and dining options including close distance to Universal Studios and CBS; and walking distance to Ventura Blvd shopping, dining, fitness and recreation. Investors and homeowners alike will be drawn to the potential of this property, whether seeking a solid rental income or the opportunity to customize the space to their liking. Don't miss out on this chance to own a piece of prime real estate; an exceptional opportunity not to be missed. Schedule a viewing today and explore the possibilities that this property has to offer!
The income description goes here to explain
List Price | $1,395,000 |
Property Type | Triplex (3-units) |
Usable Sqft | 1,720 |
Number of Stories | 2 stories |
Parking Spots | 3 spots |
Year Built | 1941 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 2364001005 |
MLS # | 25477173 |
Property ID | 321153252 |
Lot Sqft | 5,009 |
Zoning | LAR3 |
Total Units | 3 |
Days on Market | 61 |
Original List Price | $1,450,000 |
Date Updated | March 07, 2025 |
Date Created | January 06, 2025 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 1 | 1.00 | $3,000 | $3,000 |
Unit #2 | 1 | 1.00 | $0 | $3,300 |
Unit #3 | 1 | 1.00 | $0 | $3,300 |
Gross Income (Yr) | $ 115,200 |
Operating Expenses | $ 27,780 |
Net Income (Yr) | $ 87,420 |
Cap Rate | 5.60% |
Craig Strong an agent of Compass. Lic #01450987
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT