Price Reduced Listing5329-5333 Agnes Avenue offers investors the opportunity to acquire a 16-unit multifamily property in prime Valley Village. The unit mix includes (2) 2-bedroom, 1.5-bath townhomes, (8) 2-bedroom, 2-bath units, and (6) studio units, providing a range of floor plans for prospective tenants. Offered at $3,100,000, the property is priced at $193,750 per unit and approximately $259 per square foot. At the asking price, it offers a 6.03% going-in cap rate and a 10.34 GRM, with approximately 42% upside in rents. The gap between current and market rents presents an opportunity to increase rental income over time.The property comprises 2 separate APNs and may offer potential for additional ADUs, subject to buyer verification. Its location in prime Valley Village places residents near dining and entertainment options in a walkable neighborhood. The combination of in-place income, rental upside, and potential for additional units makes 5329-5333 Agnes Avenue a compelling multifamily investment opportunity.
| MLS # | 26993229 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 32 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | David Saghian |
| Bed(s) | 20 |
|---|---|
| Bath(s) | 26 |
| SQ Feet | 11,972 |
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.30 |
| Appliances | Dishwasher, Refrigerator |
|---|
| Attached Garage Yes / No | Yes |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Village |
| Zip Code | 91607 |
| Area | VVL Valley Village |
| Listing VS Median (in 91607) | |
Price: $3,100,000 low | high Med: $649,000 sqft: 11,972 low | high Med: 1,137 $ / sqft: $259 low | high Med: $571 On site: 32 low | high Med: 145 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Village |
| Zip Code | 91607 |
| Area | VVL Valley Village |
| Listing VS Median (in 91607) | |
Price: $3,100,000 low | high Med: $649,000 sqft: 11,972 low | high Med: 1,137 $ / sqft: $259 low | high Med: $571 On site: 32 low | high Med: 145 | |