5329 Agnes Ave Los Angeles, CA 91607
- Apartment buildings
- 5,986 SF
- 0.15 lot acres
Current Use by Public Records
- Apartment buildings
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,445,000
- ML approach
- $3,425,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- 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
