5435 Bellingham Avenue, Valley Village, CA 91607
• 11 units built in 1977
• Good unit mix of one and two bedrooms
• Desirable Valley Village location
• Soft story retrofit completed in 2021
• Good upside potential
• 16 parking spaces
• Flat roof
• Fireplaces in all units
• Central A/C and heat
• Laundry facility
• Down the street from Valley Village & North Hollywood Park
• Only a few blocks from North Hollywood High School
• Close to Los Angeles Valley College
• Plenty of nearby shops & restaurants
• Easy access to the 101 and 170 Freeways
Property Description
Colliers International’s Ghobadi Multifamily Team is pleased to present this notable 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Multifamily type: | Low-Rise |
| Price: | $2,950,000 |
| No. of Units: | 11 |
| Cap Rate: | 4.60% |
| GRM /GIM: | 12.19 |
| Year Built: | 1977 |
| Building Size: | 8,854 Sq ft |
| Lot Size: | 14,032.00 Sq ft |
| No. of Stories: | 2 |
| APN: | 2347-013-006 |
| Opportunity Zone: | No |
| Price per unit: | $268,182 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Reza Ghobadi | 818.325.4142 | [email protected] |
| Tony Sameyah | 818.325.4106 | [email protected] |
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