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$ 2,050,000
Est. payment | /mo
4,736 SqFt
$ 2,050,000
Est. payment | /mo
4,736 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,736 sqft
Price per Sqft $432
MLS Listing ID CL25579937
HOA Y/N No
Year Built 1985
Lot Size 7,429 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
5418 Hermitage Avenue is a well-positioned 7-unit multifamily property in the desirable Valley Village neighborhood of Los Angeles, CA. Built in 1985, this property is exempt from the Los Angeles City Rent Stabilization Ordinance (RSO), providing flexibility for investors to adjust rental rates in alignment with market demand. The unit mix consists of one 2-bedroom/2-bathroom unit, five 1-bedroom/1bathroom units, and one studio, catering to a diverse tenant base including young professionals, small families, and individuals seeking proximity to urban amenities. The property benefits from a stable rental market in Valley Village, driven by its proximity to major employment hubs such as Universal Studios Hollywood (approximately 4 miles away) and the entertainment industry in nearby Studio City and North Hollywood. The unit mix supports strong rental income potential, with 2-bedroom units appealing to higher-income tenants and 1-bedroom/studio units attracting cost-conscious renters. Modern amenities, such as in-unit washer/dryer, dishwasher, and pet friendly policies (as seen in similar properties in the area), enhance tenant retention and reduce vacancy rates. From an investment perspective, the property offers a compelling opportunity for value-add strategies. Given its 1985 con
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
New Construction No
Others
Tax ID 2347013021
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Listed by Jeffrey Louks • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "