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    5451 Troost Avenue

    Valley Village, CA 91601
    • $999,900
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SR20052121
    UPDATED: 72 min ago
    $999,900
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,986
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Perfect property for Investor or Builder - located along the coveted Chandler Corridor in North Hollywood and close to Freeways, public transportation and the NoHo District. The property consists of almost 1/3 of an acre and is zoned LARD1.5 which might allow you to build up to 8 units. Cap Rate when fully rented is 4.8% and the GRM is 14.35. This area is experiencing tremendous growth with new construction plus an influx of retail development, including the highly anticipated NOHO West shopping center, opening in 2020. Confirmed tenants include Trader Joes, 24 hr Fitness, Regal Cinemas & more. Currently built as a triplex with two 1 bedroom and 1 bath units and one 2 bedroom one bath unit. Two of the units will be delivered VACANT and they have been remodeled in 2020 with some of the following: new appliances, French Door Refrigerator, new paint, new flooring, wood paneled ceiling, shaker cabinets, new plumbing and light fixtures. There is fresh Exterior Paint and a New Roof plus 2 remodeled units! Don+GGt miss the laundry room and three separate covered garages plus space to park at least 6 more cars. There is a new roof on the both the main building and the parking garage. PLEASE DO NOT DISTURB TENANT IN UNIT #1. OFFERS SUBJECT TO INSPECTION ONLY.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T14:30:34.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/105388891

    5451 Troost Avenue Valley Village, CA 91601

    • Price: $999,900
    • Status: Active
    • Updated: 72 min ago
    • ID#: SR20052121
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    1,986
    SQFT
    $503
    $/SQFT
    1951
    Built
    Neighborhood:
    VVL - Valley Village
    County:
    Los Angeles
    Area:
    VVL - Valley Village
    Property Description
    Perfect property for Investor or Builder - located along the coveted Chandler Corridor in North Hollywood and close to Freeways, public transportation and the NoHo District. The property consists of almost 1/3 of an acre and is zoned LARD1.5 which might allow you to build up to 8 units. Cap Rate when fully rented is 4.8% and the GRM is 14.35. This area is experiencing tremendous growth with new construction plus an influx of retail development, including the highly anticipated NOHO West shopping center, opening in 2020. Confirmed tenants include Trader Joes, 24 hr Fitness, Regal Cinemas & more. Currently built as a triplex with two 1 bedroom and 1 bath units and one 2 bedroom one bath unit. Two of the units will be delivered VACANT and they have been remodeled in 2020 with some of the following: new appliances, French Door Refrigerator, new paint, new flooring, wood paneled ceiling, shaker cabinets, new plumbing and light fixtures. There is fresh Exterior Paint and a New Roof plus 2 remodeled units! Don+GGt miss the laundry room and three separate covered garages plus space to park at least 6 more cars. There is a new roof on the both the main building and the parking garage. PLEASE DO NOT DISTURB TENANT IN UNIT #1. OFFERS SUBJECT TO INSPECTION ONLY.
    Exterior Features

    Fence YN Yes Fencing Wood Garage Spaces 3.00 Lot Features 2-5 Units/AcreBack YardCul-De-SacLevel With StreetLot 10000-19999 SqftIrregular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof CompositionShingle Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances Free-Standing RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes Interior Features Recessed Lighting Laundry Features Common Area Levels One Room Type Family Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.80 Community Features CurbsStreet Lights Country Us Elevation Units Feet Gardener Expense 1200.00 Gross Income 66648.00 Gross Multiplier 14.35 Gross Scheduled Income 69650.00 Insurance Expense 2000.00 Land Lease YN Yes Laundry Income 3000.00 Laundry YN Yes Maintenance Expense 2500.00 Net Operating Income 48222.00 New Construction YN No New Taxes Expense 12488.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Wall AC 3 Number With Dishwasher 1 Number With Disposal 3 Number With Range 3 Number With Refrigerator 2 Operating Expense 21428.00 Property Condition Updated/Remodeled Property Sub Type Triplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 21428.00 Trash Expense 0.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 3240.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Ron Tanzman of Rodeo Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-05T14:30:34.287. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team | Your Home Sold Guaranteed. Licensed in the State of California, USA.

     
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