- – beds
- – baths
- – sqft
- 8,916 sqft lot
- 1953 build
- – on site
*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.
Last checked:
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Last updated Jul 17, 2025
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MLS# 25566573 —
The Building
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Year Built:1953
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:4794.00
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Total Number Of Units:8
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# of Buildings:1
Interior
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Levels:Two
Location
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Directions:East of Fulton Ave, West of Coldwater Canyon Ave, north of Valley Glen, and south of Sherman way.
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Latitude:34.19358900
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Longitude:-118.42125600
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:8916.0000
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Lot Size Acres:0.2047
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Lot Size SqFt:8916.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2326014028
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage - Two Door, Covered
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/17/25
Jul 17, 2025
|
Listed / Active | CRMLS_CA | $2,500,000 | 20.5% (10.5% / YR) |
8/8/23
Aug 8, 2023
|
CRMLS_CA | $2,075,000 | -1.0% | |
6/26/23
Jun 26, 2023
|
CRMLS_CA | $2,095,000 |