Residential Income for sale in Valley Village, California, 20584808

its 25 acres of retail and entertainment destinations. More than 25% of the apartments have been completely remodeled to include in-unit washer/dryers, stainless steel appliances, quartz countertops, wood flooring, and upgraded bathrooms. A new investor may continue this remodeling program and apply the same blueprint to the remaining units in order to capture the asset's significant rent upside.Constructed in 1985, NoHo Centre features an impressive amenities package, with central air/heat in all units, at least one balcony in every unit (except singles), large walk-in pantries in all units, at least one garage parking space per bedroom, a laundry room on every floor, an elevator, and a landscaped courtyard. The spacious floorplans range from 729 to 812 square feet for one-bedroom units, while the two-bedroom units average approximately 1,027 square feet each. Within the past year, the property has been upgraded with a new cool roof coating, new fence, and new garage paint.

Primary Features

County: Los Angeles

Price/SqFt: 470.21

Property Type: Residential Income

Year Built: 1985

Zoning: LAR3

Interior

Appliances: yes

Appliances: Dishwasher

Heating: yes

Heating Type: Central

Laundry: yes

Laundry Features: Washer Included

Stories Total: 3

External

Lot Size Area: 26087

Lot Size Square Feet: 26087

Number Of Buildings: 1

Parking: yes

Parking Features: Garage

Parking Total: 84

Location

Country: US

MLS Area Major: VG - Valley Glen

Additional

Association: no

Days On Market: 266

List Agent State License: 01357019

List Office State License: 00530854

Lot Size Units: Square Feet

New Construction: no

Number Of Units Total: 56

Parcel Number: 2340012024

Senior Community: no

Financial

Cap Rate: 3.89

Gross Multiplier: 15.57

Gross Operating Income: 1246857

Net Operating Income: 778254

Special Listing Conditions: Standard

Total Expenses: 468603

Zoning Info

© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Realty Masters and Associates or one of their associates. Last updated Thursday, April 18th, 2024.

Based on information from CARETS as of Thursday, April 18th, 2024 02:58:47 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Valley Village CA home offered at $19,995,000