5329 Agnes Ave Los Angeles, CA 91607

Property Details for 5329 Agnes Ave

Year built

1965

Construction

WOOD

Lot size

0.15 lot acres

Property size

5,986 SF

Zone code

LARD1.5

Property type

Apartment buildings

APN

2348-016-035

APU

2348016035

Description

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.

Location Insight

City

Valley Village

County

Los Angeles

State

California

Longitude

-118.396

Latitude

34.1675

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments