5329 Agnes Ave Los Angeles, CA 91607
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16-unit apartment complex, high ROI.
Property size:
11,922 SFProperty 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
Listing Agency: Kidder Mathews Los Angeles West Listing Agent: David Saghian
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
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.
