5435 Bellingham Ave Valley Village, CA 91607
Multifamily Property in Valley Village
SOLD: $2,550,000 CAP RATE: 5.25% GRM: 11.4 PRICE PER SQUARE FOOT: $288
11-unit apartment building at 5435 Bellingham Avenue, Valley Village, CA 91607. Built in 1977, the property comprises eight 1-bedroom/1-bathroom units and three 2-bedroom/2-bathroom units totaling approximately 8,854 rentable square feet on a parcel of ±14,032 square feet of land zoned LAR3.
The appealing unit mix coupled with its upside potential and desirable location in Valley Village makes this building an enticing opportunity for investors aiming to expand their portfolio.
Nestled between Laurel Canyon Boulevard and Corteen Place, and just a few doors north of Chandler Boulevard, this property’s advantageous positioning gives tenants proximity to Valley Village, North Hollywood Park, North Hollywood High School and Los Angeles Valley College.
The building is surrounded by many nearby stores and restaurants, and a brief drive leads to a variety of trendy dining and shopping options in the North Hollywood Arts District, Studio City and Sherman Oaks.
Investment Highlights
Well maintained property
16 parking spaces
Soft story retrofit completed in 2021
Good unit mix of one and two bedrooms
Good upside potential
Central A/C and heat
Listed & Sold By:
Tony Sameyah
(310) 749-4475
tony@lyonstahl.com