Outstanding investment opportunity in the desirable Valley Glen neighborhood of North Hollywood, a highly sought-after submarket within the San Fernando Valley. This well-maintained five-unit property offers approximately 4,600 square feet of living space on a 6,566-square-foot lot and presents an ideal combination of immediate rental income and upside potential with three vacant units, including a beautifully rebuilt single-story 3-bedroom, 2-bath home with central A/C, providing the flexibility to lease at today's market rents, accommodate owner occupancy, or both.
The property features a beautifully rebuilt single-story 3-bedroom, 2-bath home that has been completely renovated with quality finishes throughout, central air conditioning, and is currently vacant. Also included are two 2-bedroom, 1-bath units, including one vacant unit featuring a brand-new kitchen, new appliances, new flooring, and fresh interior paint. Completing the property are two 1-bedroom, 1-bath units, including one vacant unit that has also been updated with a brand-new kitchen, new appliances, new flooring, and fresh interior paint.
Additional amenities include convenient rear carport parking, on-site attached laundry facilities, and an attractive unit mix that appeals to a broad tenant base. Ideally located across from Rhodes Avenue Park and near Valley College, the NoHo Arts District, shopping, dining, public transportation, and major freeway access, this property offers exceptional convenience for tenants. Whether you're an investor looking to maximize cash flow or an owner-user seeking to live in the 3-bedroom home while generating rental income, this is a rare opportunity in a sought-after location with tremendous income potential.More details
Excellent investment opportunity in a desirable Whittier neighborhood. Value add opportunity. Situated on a large 10,832 sq ft lot, this triplex features three single-level units and strong rental upside. Zoned WHR4, the property offers potential to add an ADU, providing an opportunity for additional income. Information has been confirmed with the city; buyer to perform their own due diligence.
The front two units are both 2 bed / 1 bath (approx. 924 sq ft) and are currently tenant occupied with rents of $1,000 and $1,200 per month, offering significant potential for future rent increases as they move toward market levels.
The rear unit is vacant and the largest unit on the property at approximately 1,762 sq ft, offering 2 bedrooms and 1.5 bathrooms. This unit presents the largest upgrade opportunity, making it ideal for renovation to maximize rental income or for an owner-occupant.
Each unit includes laundry hookups, and tenants pay their own gas and electricity, helping reduce operating expenses.
Additional features include two 2-car garages and one single-car garage with alley access, plus yard space with mature trees and landscaping. The large 10,832 sq ft WHR4 zoned lot and detached garage structures may offer additional value-add or future development opportunities (buyer to verify with the City of Whittier).
Located within the Ocean View Elementary and East Whittier Middle School districts, and conveniently within walking distance to Whittier Blvd for shopping, dining, and public transit, with easy access to Uptown Whittier.
This property presents an excellent opportunity for investors seeking rental upside and value-add potential in a strong Whittier location.More details