6254 Whitsett, Valley Glen, CA 91406
- $1,425,000
- 6
- BA
- List Price
- $1,425,000
- MLS#
- 26874537
- Year Built
- 1956
- Bathrooms
- 6
- Lot Size
- 6,534
- Days on Market
- 10
- Property Type
- Multifamily
- Stories
- 2
Property Description
Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Wall/Window
- Number of Cars in Garage
- Carport Detached
Mortgage Calculator
Courtesy of Marcus & Millichap, Jeanette Monfared - CA DRE#00765098
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