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    11480 Riverside Drive

    Valley Village, CA 91602
    • $1,330,000
    • STATUS: Closed
    • ON SITE: 70 days
    • ID#: 20-637470
    Sold - 12/01/2020
    $1,330,000
    SOLD - 12/01/2020
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,296
      SQFT
    • $404
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    Situated on the corner of Riverside Drive and Camellia Avenue, the property lies on the border of Valley Village and the NoHo Arts District, and is just blocks from Studio City. A new owner may be able to add value to the asset through interior upgrades to capitalize on the approximately 34% upside in rents. Unit interiors feature irreplaceable character, with vintage hardwood floors and bay windows. A separate garage behind the property provides additional income to the owner, as do the on-site laundry facilities. Utility expenses are reduced by virtue of the individual water heaters within each unit. Located near the junction of the 101, 134, and 170 Freeways, the property provides convenient access to both the NoHo Arts District and Studio City. Tenants are just three blocks from one of the largest parks in the San Fernando Valley, the North Hollywood Recreation Center. The North Hollywood Metro Station is approximately one mile north of the property.

    Sold by Roderick 'Rick' Raymundo BRE#01357019 of Marcus & Millichap.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T09:42:21.843. 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.
    www.trulinerealty.com/homes/110374518
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    11480 Riverside Drive Valley Village, CA 91602

    • Price: $1,395,000
    • Status: Closed
    • Updated: 23 min ago
    • ID#: 20-637470
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,296
    SQFT
    $404
    $/SQFT
    1949
    Built
    Neighborhood:
    Valley Village
    County:
    Los Angeles
    Area:
    Valley Village
    Property Description
    Situated on the corner of Riverside Drive and Camellia Avenue, the property lies on the border of Valley Village and the NoHo Arts District, and is just blocks from Studio City. A new owner may be able to add value to the asset through interior upgrades to capitalize on the approximately 34% upside in rents. Unit interiors feature irreplaceable character, with vintage hardwood floors and bay windows. A separate garage behind the property provides additional income to the owner, as do the on-site laundry facilities. Utility expenses are reduced by virtue of the individual water heaters within each unit. Located near the junction of the 101, 134, and 170 Freeways, the property provides convenient access to both the NoHo Arts District and Studio City. Tenants are just three blocks from one of the largest parks in the San Fernando Valley, the North Hollywood Recreation Center. The North Hollywood Metro Station is approximately one mile north of the property.
    Exterior Features

    Lot Size Area 5951 Other Structures None Parking Garage None Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling Other Equipment None Heating Other

    Property Features

    Gross Income 74820 Gross Operating Income 76475 Like Units1 2 Like Units2 2 Net Operating Income 51240.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 25235 Type Of Units Residential Year Built Source Assessor

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T09:42:21.843. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211