6254 Whitsett, Valley Glen, CA 91406
- $1,425,000
- 6
- BA
List Agent Jeanette Monfared () 818-212-2752 Marcus & Millichap; CoList ()
- List Price
- $1,425,000
- Status
- ACTIVE
- MLS#
- 26874537
- Year Built
- 1956
- Bathrooms
- 6
- Lot Size
- 6,534
- Days on Market
- 24
- Property Type
- Multifamily
- Stories
- Two Levels
Property 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.
/u.realgeeks.media/ornaered/Elite-Residential-Realty-transparent.png){kind=spacer}
Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Patio
- Enclosed
Mortgage Calculator
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.