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Prime Valley Village; Owner's Unit with Yard 5333 Bellingham Ave 7 Unit Apartment Building $2,095,000 ($299,286/Unit) 5.08% Cap Rate Valley Village, CA 91607
INVESTMENT HIGHLIGHTS
- Hard to-find asset in the desirable Valley Village market
- Capital expenditure pass-through to tenants being approved by the City
- New roof - 2024, Seismic retrofit completed 2024
- Rental income increase with capital expenidture pass-through
EXECUTIVE SUMMARY
Bellingham Apartments ia rare offering in the Valley Village market with low inventory turnover.
New roof - 2024
Seismic retrofit completed 2024
Rental income with capital expenditure pass-through
Excellent unit mix of Three (2+2), One (3+2) and Three (1+1) apartments
Owner's Three-bedrom unit wth private patio
Some units have fireplaces
New windows
New fences, new stairs, new exterior paint
Bright and spacious units, on-site parking and laundry
Located just north of Magnolia Boulevard on a quiet tree-lined street
New roof - 2024
Seismic retrofit completed 2024
Rental income with capital expenditure pass-through
Excellent unit mix of Three (2+2), One (3+2) and Three (1+1) apartments
Owner's Three-bedrom unit wth private patio
Some units have fireplaces
New windows
New fences, new stairs, new exterior paint
Bright and spacious units, on-site parking and laundry
Located just north of Magnolia Boulevard on a quiet tree-lined street
PROPERTY FACTS
| Price | $2,095,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $299,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.08% | Building Size | 7,483 SF |
| Gross Rent Multiplier | 13.3 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $2,095,000 |
| Price Per Unit | $299,286 |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| Gross Rent Multiplier | 13.3 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,483 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling - R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
AMENITIES
UNIT AMENITIES
- Fireplace
SITE AMENITIES
- Laundry Facilities
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 2347-022-011 | Improvements Assessment | $585,102 |
| Land Assessment | $691,771 | Total Assessment | $1,276,873 |
PROPERTY TAXES
Parcel Number
2347-022-011
Land Assessment
$691,771
Improvements Assessment
$585,102
Total Assessment
$1,276,873
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Prime Valley Village; Owner's Unit with Yard | 5333 Bellingham Ave
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