Property Detail

Description

Rare Valley Village 6-Unit Apartment Building – First Time on the Market Since 1997! An outstanding investment opportunity has arrived in the heart of Valley Village, California. Offered for the first time in nearly three decades, this well-maintained six-unit multifamily property combines exceptional stability with exciting upside potential. The building offers a desirable and diverse unit mix consisting of three 1-bedroom/1-bath units, one spacious 3-bedroom/1-bath unit, and two studio/1-bath units. Half of the residences have been fully renovated with modern kitchens, stylish bathrooms, and updated flooring, while the remaining units present a clear value-add opportunity for the next owner to elevate rents by completing similar upgrades. Fully leased with a proven history of long-term tenancy, this property is anchored by residents who have called it home for over 20 years. Additional income is generated through the on-site laundry room, and tenants benefit from six dedicated parking spaces with convenient alley access. At the heart of the property, a central communal courtyard with BBQ areas creates a warm, inviting atmosphere that encourages tenant satisfaction and retention. Located on Burbank Boulevard, this prime Valley Village address offers easy access to the 101 and 170 freeways and is just minutes from the NoHo Arts District, Trader Joe’s, and the vibrant shops and restaurants along Ventura Boulevard. With its unbeatable combination of location, stability, and value-add potential, this property is an ideal acquisition for investors seeking immediate cash flow and long-term growth.