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$1,500,000
Listing Price1beds
3baths
1,885sqft
8,197sqft lot
5238 Hermitage Ave, Valley Village, CA 91607
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Outstanding Investment OPPORTUNITY!! 5238 Hermitage is a Multi-Family Triplex located in the highly desirable Valley Village Community. The property consists of (3) one bedroom, one bath units, each having use of a detached (3) car garage. This quaint property was built in 1951 and has a lot size of approximately 8,197 square feet with a total rentable space of 1,885. The site is level and the development potential is great. Options may be available to improve the property or re-develop the site, with a significant density boost. Buyer to verify all City, State Codes and Programs available for re-development. The Valley Village community is an area that is rich in culture and traditions and is located with easy access to public transportation, metro link, and a variety of shopping centers, churches, schools and restaurants. This property and the surrounding area features established small to multi-family projects, which are close to the 101, 170 and 134 Freeways. Dont miss out on this exceptional opportunity!! Property is being sold in its current As Is condition without any repairs or relocation of tenants. Buyer to do their own due dilligence.
Interior Details
1885
1
3
Has Heating:
No
Heating Type:
N/A
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8197
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Triplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$1,311
$49,512
$27,095
--%
$76,607
2019
$1,311
$48,542
$26,564
--%
$75,106
2018
$1,155
$47,591
$26,044
--%
$73,635
2017
$1,132
$46,658
$25,534
--%
$72,192
2016
$1,086
$45,744
$25,034
--%
$70,778
2014
$1,100
$44,175
$24,175
--%
$68,350
2013
$1,100
$43,976
$24,066
--%
$68,042
2012
$1,094
$43,114
$23,595
--%
$66,709
Average Home Price in 91607
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles





