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.
| MLS # | 26874537 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 18 |
| Listing Provided By | Marcus & Millichap | Jeanette Monfared |
| Bath(s) | 6 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Detached Carport |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Glen |
| Zip Code | 91406 |
| Area | VG Valley Glen |
| Listing VS Median (in 91406) | |
Price: $1,425,000 low | high Med: $749,975 On site: 18 low | high Med: 94.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Valley Glen |
| Zip Code | 91406 |
| Area | VG Valley Glen |
| Listing VS Median (in 91406) | |
Price: $1,425,000 low | high Med: $749,975 On site: 18 low | high Med: 94.5 | |
![]() | $1,575,0006222 BabcockNorth Hollywood, CA 91606 |