Address
11480 Riverside Drive Valley Village, CA
Price
$ 1,395,000
Property Attributes
  • MLS#20637470
  • TypeIncome
  • CountyLOS ANGELES
  • CityValley Village
  • AreaValley Village
  • Zip91602
  • Style
  • Price$ 1,395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,951 SqFt
Listing Provided Courtesy Of:
Roderick 'Rick' Raymundo with Marcus & Millichap.
Property Description

Situated on the corner of Riverside Drive and Camellia Avenue, the property lies on the border of Valley Village and the NoHo Arts District, and is just blocks from Studio City. A new owner may be able to add value to the asset through interior upgrades to capitalize on the approximately 34% upside in rents. Unit interiors feature irreplaceable character, with vintage hardwood floors and bay windows. A separate garage behind the property provides additional income to the owner, as do the on-site laundry facilities. Utility expenses are reduced by virtue of the individual water heaters within each unit. Located near the junction of the 101, 134, and 170 Freeways, the property provides convenient access to both the NoHo Arts District and Studio City. Tenants are just three blocks from one of the largest parks in the San Fernando Valley, the North Hollywood Recreation Center. The North Hollywood Metro Station is approximately one mile north of the property.

Price History
9/25/2020 Listed $1,395,000

General Features

Directions We are pleased to announce the sale of 11480 Riverside Drive, a four-unit multifamily property available for purchase for the first time in 37 years.
Listing Agent Roderick 'Rick' Raymundo - BRE#01357019
Listing Agent State License 01357019
MLS Area VVL - Valley Village
Parking Features None
Special Listing Conditions Standard
Total Units 4

Interior Features

Total Stories 2

Exterior Features

Lot Size Area 5951.0000
Lot Size Source Estimated
Lot Size Square Feet 5951.00
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91602

Price
AVG $4.26M
$1.4M
Visits
AVG 20
20
Year Built
AVG 1973
1949
Walkscore
AVG 79
73
Data Provided by Walkscore ® not using MLS data

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