Residential Income In Los Angeles

We are pleased to present 5030-5034 Valley Blvd, a 14-unit multifamily community located in the El Sereno neighborhood of Los Angeles. Priced at a 6.69% CAP and a 7.73 GRM on current rents, there are 2 VACANT and renovated one-bedroom units along with upside in rents to operate at an 8.11% CAP and a 6.90 GRM at market rents. This property is centrally located in close proximity to adjacent neighborhoods such as Lincoln Heights, Highland Park, City Terrace, Elysian Park, Monterey Park and Alhambra and is a short drive to DTLA. This opportunity consists of two separate, 2-story seven-unit buildings totaling 5,386 rentable square feet situated on a large 11,479 square foot LAC2 zoned midblock lot. With a unit mix of 7 one-bedroom one-bathroom units and 7 studio units, 12 out of 14 units have been renovated. The property is also fully parked with three tandem driveways on each side of the property with 8 individual uncovered parking spaces in the rear accessible by alley. Nearby tenant amenities and attractions include Yumami, Lucky Catsu, Elephant Hill Open Space, Secret Pizza, Tirzahs Mexi-Terranean Grill, El Sereno Community Garden, Evil Cooks, Rose Hill Recreation Center and Park, Mariscos El Chito and more. Contact the listing broker for additional information.