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5236 Bellingham Ave Apartments 5236 Bellingham Ave 3 Unit Apartment Building $1,275,000 ($425,000/Unit) 4.11% Cap Rate Valley Village, CA 91607
Investment Highlights
- All 3 Units will be delivered Vacant
- Can be purchased as part of larger portfolio with 5260 and 5270 Bellingham Ave
- All Units Updated and Move-in Ready
Executive Summary
Exceptional triplex opportunity in the heart of highly desirable Valley Village featuring three well-maintained units with strong rental appeal and attractive amenities. The property consists of two attached 1 bedroom, 1 bathroom front units and a spacious 2 bedroom, 1 bathroom unit situated above the garage area, offering an ideal layout for owner-users or investors alike. Each unit includes its own private garage and central air & heating for year-round comfort. The front units showcase bright open living spaces with hardwood flooring, updated kitchens with modern cabinetry and countertops, stylish bathrooms, recessed lighting, and in-unit stacked washer and dryer convenience. The upper 2 bedroom unit offers a beautifully updated interior with contemporary finishes, abundant natural light, and access to a shared laundry room located in the garage area. The gated property also features manicured landscaping, ample driveway space, and charming outdoor patio areas that create a warm residential feel. Centrally located near shopping, dining, studios, and major freeways, this Valley Village income property presents an outstanding investment opportunity in one of the San Fernando Valley's most sought-after neighborhoods. Property may be purchased separately or as part of a larger portfolio opportunity together with the 25-unit building located at 5260 Bellingham Ave and the fourplex located at 5270 Bellingham Ave. COURT CONFIRMATION OF SALE REQUIRED. ALL OFFERS TO BE CONTINGENT ON SUCCESSFUL COURT CONFIRMATION OF SALE AND TERMS. Seller and Sellers Representative(s) do not guarantee the accuracy of the square footage, lot dimensions, bedroom or bathroom count, permitted or un-permitted areas, school availability or overall condition of the property. Buyer & Buyer's Agent(s) are advised to conduct any/all inspections to satisfy themselves and to verify all MLS information and any financial information.
Property Facts
| Price | $1,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $425,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.11% | Building Size | 2,485 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 0% |
| Gross Rent Multiplier | 15.51 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Residential | ||
| Price | $1,275,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 15.51 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,485 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | LAR3 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Porch
- Large Bedrooms
- Quartz Countertops
Site Amenities
- Controlled Access
- Fenced Lot
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,885 | - |
| 2+1 | 1 | $2,425 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2347-020-013 | Improvements Assessment | $546,155 |
| Land Assessment | $819,234 | Total Assessment | $1,365,389 |
Property Taxes
Parcel Number
2347-020-013
Land Assessment
$819,234
Improvements Assessment
$546,155
Total Assessment
$1,365,389
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5236 Bellingham Ave Apartments | 5236 Bellingham Ave