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    5329 Agnes Ave Los Angeles, CA 91607

    Sponsored
    For Sale
    $3,800,000

    16-unit apartment complex, high ROI.

    Property size:
    11,922 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 16-unit multifamily property in Los Angeles' desirable Valley Village neighborhood presents a compelling value-add investment opportunity. Located at 5329 Agnes Ave, 91607, this Class B property boasts 11,922 square feet of rentable space across two side-by-side eight-unit buildings, situated on a substantial 13,009 square foot lot. The unit mix includes two 2-bedroom/1.5-bathroom townhomes, eight 2-bedroom/2-bathroom units, and six single units, averaging 700 square feet each. Currently generating a Net Operating Income (NOI) of $180,663, resulting in a 4.75% cap rate, this property offers significant upside potential with an estimated 44% rent increase opportunity. The property's prime location offers a "Very Walkable" experience (Walk Score of 87), with easy access to a wide array of shopping, dining, and entertainment options. Built in 1965, the asking price is $3,800,000 ($237,500 per unit, $318.74 per square foot). The property is being offered as a 1031 exchange opportunity and allows for the potential addition of up to four Accessory Dwelling Units (ADUs). This is a rare chance to acquire a trophy asset in a high-demand rental market.

    Property Features for 5329 Agnes Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,922 SF
    Class
    B

    Building Details

    Year Built
    1965
    Units
    16

    HighLights

    • Excellent unit mix: 2 two‑bedroom/1.5‑bath townhomes, 8 two‑bedroom/2‑bath units, and 6 single units.
    • Desirable Valley Village location with strong rental demand.
    • Spacious units averaging 700 square feet.
    • Significant value‑add opportunity with approximately 44% rental upside potential.
    • Walk Score of 87, offering convenient access to dining, shopping, and entertainment.
    • Potential to add up to four Accessory Dwelling Units (ADUs).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.3957488
    Latitude
    34.1675284

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    FAQs

    What type of property is this?
    Multifamily property - 16-unit apartment complex, high ROI.
    Where is this multifamily property located?
    The property is located at 5329 Agnes Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Excellent unit mix: 2 two-bedroom/1.5-bath townhomes, 8 two-bedroom/2-bath units, and 6 single units.; Desirable Valley Village location with strong rental demand.; Spacious units averaging 700 square feet.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5329 Agnes Ave Los Angeles, CA 91607
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