Multifamily

Park Village Apartments

5327 Hermitage Ave, Los Angeles, CA 91607

Listing Price: $21,500,000

Cap Rate
4.03%
Number of Units
42
Price/Unit
$511,905
Price/Gross SF
$375.89
Gross SF
57,198

Investment Overview

The Subject property is conveniently located just south of Chandler Boulevard and in between Whitsett Avenue and Laurel Canyon Boulevard. Tenants benefit from easy access to several public transportation options including being walking distance to the Orange Line Busway and being in close proximity to the 101 Freeway. 5327 Hermitage Avenue is beautiful building with several fantastic amenities including a very spacious gym, in-unit Washer and Dryers, 27 storage units (that are being rented for extra income) and Gated subterranean parking (76 Spaces). Access into the building is controlled with a security keypad, and several common area security cameras. Additionally, the building has been plumbed for individual water meters for each unit (see listing agents for details.) Valley Village is known to be one of the best locations within the valley as there has been a tremendous amount of investment into the area over the last several years with many new and beautiful commercial and residential developments in the pipeline. Valley Village is a neighborhood that is near Sherman Oaks and Studio City making it a wonderful location for families and professionals to reside who might be priced out of these higher end locations. This is a fantastic opportunity for any investor looking for a very well built and beautiful stabilized multifamily asset in a highly desirable location. This property is priced at just under $512,000 a unit and approximately $375 p/sf which would be extremely hard to duplicate for a building of this size, quality, and location.

Investment Highlights

  • 84,969 Total Building Square Footage (Including Garage)
  • Immaculate Brand-New Building
  • Individually Metered For Water

Exclusively Listed By

Listing Price: $21,500,000

Cap Rate
4.03%
Number of Units
42
Price/Unit
$511,905
Price/Gross SF
$375.89
Gross SF
57,198

Investment Highlights

  • 84,969 Total Building Square Footage (Including Garage)
  • Immaculate Brand-New Building
  • Individually Metered For Water

Investment Overview

The Subject property is conveniently located just south of Chandler Boulevard and in between Whitsett Avenue and Laurel Canyon Boulevard. Tenants benefit from easy access to several public transportation options including being walking distance to the Orange Line Busway and being in close proximity to the 101 Freeway. 5327 Hermitage Avenue is beautiful building with several fantastic amenities including a very spacious gym, in-unit Washer and Dryers, 27 storage units (that are being rented for extra income) and Gated subterranean parking (76 Spaces). Access into the building is controlled with a security keypad, and several common area security cameras. Additionally, the building has been plumbed for individual water meters for each unit (see listing agents for details.) Valley Village is known to be one of the best locations within the valley as there has been a tremendous amount of investment into the area over the last several years with many new and beautiful commercial and residential developments in the pipeline. Valley Village is a neighborhood that is near Sherman Oaks and Studio City making it a wonderful location for families and professionals to reside who might be priced out of these higher end locations. This is a fantastic opportunity for any investor looking for a very well built and beautiful stabilized multifamily asset in a highly desirable location. This property is priced at just under $512,000 a unit and approximately $375 p/sf which would be extremely hard to duplicate for a building of this size, quality, and location.

Exclusively Listed By

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