5329–5333 Agnes Avenue presents a rare opportunity to acquire 16 units across two side-by-side 8-unit apartment buildings situated on two separate parcels in the heart of Valley Village, one of the San Fernando Valley’s most desirable and supply-constrained rental markets. The properties sit on a combined 13,009 SF double lot and contain approximately 11,972 SF of rentable building area. The attractive unit mix consists of eight 2-bedroom/2-bath units, two 2-bedroom/1.5-bath townhomes, and six studio units, offering a strong blend of larger floor plans and efficiently designed units that appeal to a broad tenant base. The offering provides a compelling value-add opportunity, with approximately 43% upside in existing rents. A savvy investor has the ability to improve the properties over time, renovate units as they become available, and capture significant rental growth in an increasingly desirable Valley Village submarket.
Further enhancing the investment potential is the opportunity to potentially add up to four ADUs, creating an additional avenue for increasing unit count, rental income, and long-term property value. With 16 existing units, substantial rental upside, two separate parcels, a large double lot, and additional development potential, 5329–5333 Agnes Avenue offers investors a unique combination of current income, value-add potential, and long-term appreciation in a highly sought-after Los Angeles rental market.