12325 Riverside Dr - Apartments FOR SALE


Valley Village, CA 91607
$1,775,000 USD
310-871-3933
12325 Riverside Dr, Valley Village, CA for Sale
$1,775,000 USD
Apartments - FOR SALE
1/8
null | 4.01% Cap Rate

12325 Riverside Dr
Valley Village, CA 91607


HIGHLIGHTS

  • 7 Unit apartment building located in a prime Valley Village location.
  • Situated between Coldwater Canyon Blvd and Laurel Canyon Blvd, placing tenants just minutes from Studio City, NoHo Arts District, Ventura Blvd.
  • Great mix of units consisting of Six 1 Bed + 1 Bath units and One 2 Bed + 1 Bath Unit.
  • Strong rental upside - several units rented at below market rates.
  • Terrific opportunity for an investor to acquire an apartment building in a prime Valley Village location with significant rental growth potential.

OVERVIEW

This 7-unit apartment building presents an outstanding opportunity to acquire a well-located multifamily asset in the highly desirable Valley Village submarket. Ideally situated between Coldwater Canyon Boulevard and Laurel Canyon Boulevard, the property offers convenient access to many of the San Fernando Valley's most vibrant neighborhoods and employment centers. Tenants are just minutes from the dining, shopping, and entertainment options along Ventura Boulevard, as well as the popular destinations in Studio City and the thriving arts and entertainment scene of the NoHo Arts District. The property features a desirable unit mix of six 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, appealing to a broad tenant base seeking quality housing in a centrally located neighborhood. Tenant amenities including beautiful hardwood flooring, wall air conditioning units, on-site laundry facilities, and dedicated parking. The property offers strong rental upside, with several units currently rented at below-market rates, providing a clear path for future income growth. With continued demand for rental housing in Valley Village and the property's prime location near major retail, dining, and entertainment corridors, investors have the opportunity to capture significant rent appreciation over time. The offering represents a terrific opportunity for an investor to acquire a well-located apartment building in one of the Valley's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

7

PRICE/UNIT

$253,571

CAP RATE

4.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

R3

APN/PARCEL ID

2356-030-018

ASK ABOUT THIS PROPERTY

Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.