5300-5330 Radford Ave - Apartments FOR SALE


Valley Village, CA 91607
$8,950,000 USD
310-922-6124
5300-5330 Radford Ave, Valley Village, CA for Sale
$8,950,000 USD
Apartments - FOR SALE
1/18
null | 4.94% Cap Rate

5300-5330 Radford Ave
Valley Village, CA 91607


OVERVIEW

Jake Plewa with Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale an exceptional investment opportunity in the heart of Valley Village, CA, at 5300-5330 Radford Avenue. This property features 36 well-maintained units across six separate lots, each hosting a charming 6-unit building. Offering flexibility, the property can be acquired as a single portfolio or purchased individually by lot, catering to a variety of investment strategies. A standout feature of this property is its significant growth potential, with zoning that allows for the addition of 18 Accessory Dwelling Units (ADUs). This brings the total potential unit count to 54 units, unlocking an impressive 40% upside potential for savvy investors. Each building is thoughtfully designed, and the property benefits from strong rental demand in the vibrant Valley Village neighborhood, known for its proximity to trendy dining, shopping, and entertainment, as well as convenient access to major freeways and public transit. Whether you're looking to expand your portfolio with a stable, income-generating asset or capitalize on the substantial value-add opportunity through ADU development, 5300-5330 Radford Avenue offers unmatched versatility and growth potential in one of Los Angeles’ most desirable submarkets. Don’t miss this rare chance to invest in a property with immediate cash flow and significant future upside.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

36

PRICE/UNIT

$248,611

CAP RATE

4.94%

% LEASED

78%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Separate (6)-unit parcels totaling 36 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,047 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2348-012-040,2348-012-046,2348-012-047,2348-012-048,2348-012-049,2348-012-050

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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