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Off market
  • $3,820,400

    5451 Hermitage Ave, Valley Village, CA 91607

    18beds
    16baths
    10,758sqft
    MultiFamily
    Built in 1963
    -- sqft lot
    $3,820,400 Zestimate®
    $355/sqft
    $2,339 Estimated rent

    Home value

    $3,820,400

    $3.36M - $4.43M

    $2,339/mo

    Zestimate® history
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    Owner options

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    $2,339/mo

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    $2,339/mo

    Rent Zestimate®

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    $24,115/mo

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    $24,115/mo

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    What's special

    We are proud to present this 11 unit apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One-Bedroom/One-Bath Units; Three Two-Bedroom/Two-Bath Units; and Five Two-Bedroom/Two-Bath Units. Approximately six of the units have been renovated. The building has been upgraded to a fresh modern facade with wood detail, newer roof and newer exterior paint. This building includes expanded courtyard space and new landscaping with native California plants designed for low water usage. Two new 50Gallon Bradford Water Heaters and new recirculating pump have recently been installed. Located just South of Burbank Boulevard and just West of Laurel Canyon, the property offers residents a very desirable location. Quick access to the 170 Freeway and just a few minutes from the NoHo Arts District, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access to the 170, 101 and 134, plenty of employment opportunities in the neighboring cities are also a short drive away. Also within walking distance is the Laurel Canyon Station for the Metro Orange Line Busway. This opportunity is perfect for an investor looking for a recently renovated property with upside in rents as low paying units turnover. ***The LA City Soft Story Retrofitting work has recently been completed (Buyer to Verify)***

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 16
    Heating
    • Wall, Electric
    Cooling
    • Wall
    Appliances
    • Included: Range / Oven
    • Laundry: Community
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 10,758 sqft

    Property

    Parking
    • Total spaces: 10
    Lot
    • Size: 0.31 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1963

    Community & HOA

    Location
    • Region: Valley Village

    Financial & listing details

    • Price per square foot: $355/sqft

    Price history

    DateEventPrice
    1/12/2022Listing removed--
    Source: CLAW Report a problem
    12/9/2021Pending sale$3,750,000$349/sqft
    Source: CLAW #21106215 Report a problem
    11/18/2021Listed for sale$3,750,000-2.6%$349/sqft
    Source: CLAW #21106215 Report a problem
    6/1/2020Listing removed$3,850,000$358/sqft
    Source: Marcus & Millichap #19532264 Report a problem
    1/30/2020Price change$3,850,000-4.9%$358/sqft
    Source: Marcus & Millichap #19532264 Report a problem
    11/26/2019Listed for sale$4,050,000+17.7%$376/sqft
    Source: Marcus & Millichap #19532264 Report a problem
    7/29/2019Listing removed$2,995
    Source: Owner Report a problem
    7/15/2019Price change$2,995-6.3%
    Source: Owner Report a problem
    7/6/2019Price change$3,195-7.4%
    Source: Owner Report a problem
    6/28/2019Price change$3,450+40.8%
    Source: Owner Report a problem
    6/8/2019Listed for rent$2,450
    Source: Owner Report a problem
    7/25/2018Sold$3,440,000-1.7%$320/sqft
    Source: CLAW #18353956 Report a problem
    7/3/2018Pending sale$3,500,000$325/sqft
    Source: Marcus & Millichap #18353956 Report a problem
    6/12/2018Listed for sale$3,500,000$325/sqft
    Source: Marcus & Millichap #18353956 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Valley Village

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,820,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,820,400