4717 Ben Ave - Apartments FOR SALE


Valley Village, CA 91607
$13,950,000 USD
818-640-4360
4717 Ben Ave, Valley Village, CA for Sale
$13,950,000 USD
Apartments - FOR SALE
1/37
null | 4.97% Cap Rate

4717 Ben Ave
Valley Village, CA 91607


HIGHLIGHTS

  • Pride of ownership 33 unit apartment building in prime Valley Village South of Riverside Drive
  • Subject to AB-1482 rent control
  • Excellent unit mix consisting of (10) 1+1 units and (23) 2+2 units
  • Upside in existing rents
  • Units feature fireplaces, balconies, tile entries, and crown molding
  • 80 percent of the units have been renovated; New elevator, roof is 1 year old, boiler is 2 years old

OVERVIEW

Equity Union Commercial is proud to represent this 33 unit property in Valley Village. The property was constructed in 1987. Its unit mix consists of (10) 1+1 units and (23) 2+2 units. With a lot size of 25,343 square feet, the property has a total of 30,915 rentable square feet. The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

33

PRICE/UNIT

$422,727

CAP RATE

4.97%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ben Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

R3

APN/PARCEL ID

2355-014-025

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union Real EstateMore Info
818-640-4360

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Cindy HillEquity Union Real EstateMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.