Property Description
*Financial Metrics* - 5.00% in-place Cap Rate with potential to reach 6.54% post-ADU conversion and 17% average annual return. *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$41,907
TurboHome Estimated Value
$2,646,900
$552 sqft
High Valuation
$2,779,245
$580/sqft
Normal Valuation
$2,646,900
$552/sqft
Low Valuation
$2,514,555
$525/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $552/sqft | $2,646,900 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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No comparable properties found in this area.
Nearby Listings
3 similar properties within 5 miles

List Price: $2,595,000
5622 Willowcrest Ave, North Hollywood, CA 91601
11 bd 8 ba 5,100 sqft
TurboHome Est. Value:
$2,737,700

List Price: $2,487,000
4323 Van Nuys Blvd, Sherman Oaks, CA 91403
9 bd 8 ba 4,975 sqft
TurboHome Est. Value:
$2,627,900

List Price: $2,100,000
6512 Balboa Blvd, Van Nuys, CA 91406
10 bd 8 ba 4,726 sqft
TurboHome Est. Value:
$1,989,100
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