5222 Hermitage Ave Valley Village, CA 91607-4227
Property profile & analytics
5222 Hermitage Ave Valley Village, CA 91607-4227
- Apartment buildings
- 4,802 SF
- 0.17 lot acres
Property ID
US09-8171801
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Casa caro usa / Housing Complex
Property Details for 5222 Hermitage Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 4,802 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2347-023-007
- APU
- 2347023007
Description
This exceptional 5-unit apartment building in desirable Valley Village, Los Angeles presents a compelling value-add opportunity. Built in 1948 and renovated in 1990, this 4,802 square foot property sits on a 0.17-acre lot and boasts a strong unit mix: one 3-bedroom (1,100 sq ft), one 2-bedroom (950 sq ft), and three 1-bedroom (650 sq ft) units. Two units have been recently renovated, while the remaining three offer significant rental upside potential with long-term tenants. The property features ten parking spaces, a brand new roof installed in 2017, and is not subject to mandatory seismic retrofitting. Its location in Valley Village provides easy access to transportation, shopping, dining, and employment centers. The property's layout allows for the potential construction of two additional dwelling units (ADUs) on the rear lot, further enhancing its investment potential. The current NOI is $73,863, with a pro-forma NOI of $106,495, representing a 5.01% current cap rate and a projected 7.22% pro-forma cap rate. The asking price is $1,475,000, or $295,000 per unit, and the property is zoned (Q)R3-1. This is a rare opportunity to acquire a well-located, value-add multifamily property with significant upside potential in a thriving Los Angeles neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,225,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Valley Village
- County
- Los Angeles
- State
- California
- Longitude
- -118.4
- Latitude
- 34.1656
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,810
$459,329
$688,995
$1,148,324
-
$0.00
$0.00
$0.00
