Overview
- 0
- 1956
Description
Desirable Valley Glen with Owner’s Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.
Address
Open on Google Maps- Address Whitsett
- City Valley Glen
- State/county Los Angeles
- Zip/Postal Code 91406
Details
Updated on September 22, 2026 at 8:07 pm- Property ID: HZ26874537
- Price: $1,425,000
- Bathroom: 0
- Year Built: 1956
- Property Status: Residential Income
- Listed by: Jeanette Monfared
- DRE #: 00765098
- Contact Mail: Janette.Monfared@marcusmillichap.com
- Brokered by: Marcus & Millichap
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
