5238 Hermitage Ave Valley Village, CA 91607
Estimated payment $8,892/month
Highlights
- No HOA
- 3 Car Direct Access Garage
- 1-Story Property
- North Hollywood Senior High School Rated A
- Bungalow
About This Home
Outstanding Investment OPPORTUNITY!! 5238 Hermitage is a Multi-Family Triplex located in the highly desirable Valley Village Community. The property consists of (3) one bedroom, one bath units, each having use of a detached (3) car garage. This quaint property was built in 1951 and has a lot size of approximately 8,197 square feet with a total rentable space of 1,885. The site is level and the development potential is great. Options may be available to improve the property or re-develop the site, with a significant density boost. Buyer to verify all City, State Codes and Programs available for re-development. The Valley Village community is an area that is rich in culture and traditions and is located with easy access to public transportation, metro link, and a variety of shopping centers, churches, schools and restaurants. This property and the surrounding area features established small to multi-family projects, which are close to the 101, 170 and 134 Freeways. Don't miss out on this exceptional opportunity!! Property is being sold in it's current 'As Is" condition without any repairs or relocation of tenants. Buyer to do their own due dilligence.
Listing Agent
MELISSA KAYE ROSE, BROKER Brokerage Phone: 760-880-3114 License #01816116 Listed on: 09/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,029
Year Built
- Built in 1951
Lot Details
- 8,197 Sq Ft Lot
- Two or More Common Walls
- Manual Sprinklers System
- Density is up to 1 Unit/Acre
Parking
- 3 Car Direct Access Garage
- Parking Available
- Two Garage Doors
- Shared Driveway
Home Design
- Triplex
- Bungalow
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 1,885 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- Unit 1 Bathroom: 0
Utilities
- Natural Gas Connected
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 42
- Tax Tract Number 9237
- Assessor Parcel Number 2347023004
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,042
- Water Sewer Expense $2,500
- Gross Income $35,160
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,030 | $984,218 | $590,947 | $393,271 |
| 2024 | $12,030 | $964,920 | $579,360 | $385,560 |
| 2023 | $11,800 | $946,000 | $568,000 | $378,000 |
| 2022 | $1,368 | $78,946 | $51,024 | $27,922 |
| 2021 | $1,343 | $77,399 | $50,024 | $27,375 |
| 2019 | $1,312 | $75,106 | $48,542 | $26,564 |
| 2018 | $1,156 | $73,635 | $47,591 | $26,044 |
| 2016 | $1,087 | $70,778 | $45,744 | $25,034 |
| 2015 | $1,074 | $69,715 | $45,057 | $24,658 |
| 2014 | $1,100 | $68,350 | $44,175 | $24,175 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/18/2024 09/18/24 | For Sale | $1,500,000 | -- | $796 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: EV24194533
APN: 2347-023-004
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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