22763 Del Valle St Los Angeles, CA 91364
- Commercial real estate
- 2,976 SF
- 0.15 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 22763 Del Valle St
- Year built
- 1955
- Lot size
- 0.15 lot acres
- Property size
- 2,976 SF
- Property type
- Commercial real estate
- APN
- 2040-031-022
Description
This exceptional multifamily investment opportunity presents a 4-unit apartment building situated on a 0.15-acre lot in desirable Woodland Hills, California. The property, located at 22763 Del Valle Street, boasts a total of 2,976 square feet of net rentable space, currently operating at 100% occupancy. Built in 1955, this two-story building is zoned R3, offering significant redevelopment potential. The current Net Operating Income (NOI) stands at $43,107, yielding a 2.87% cap rate, with a pro-forma cap rate projected at 4.48%. The asking price is $1,500,000, translating to $504.03 per square foot and $375,000 per unit. This property presents a compelling investment opportunity for those seeking a strong return in a rapidly developing area of Los Angeles. The property's location in Los Angeles County, zip code 91364, offers convenient access to major thoroughfares and amenities. The property features one building with four units. Further details regarding permitted zoning and lot size are available upon request. Buyer to verify building square footage and lot sizes.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.6223478529
- Latitude
- 34.165327780773
