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5449 Bellingham Ave
Valley Village, CA 91607
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Delivered with two vacant 2+1 units- immediate value-add and lease-up potential, or potential for an owner user
- Unit Mix: (2) 2+1, (1) 3+1
- Easy Access to 101, 134, & 170 Freeways and Metro transit options
- Highly desirable Valley Village location- proximity to Studio City and North Hollywood
- Strong rental demand fueled by proximity to major studios and employment centers
Executive Summary
Located in the highly desirable neighborhood of Valley Village, 5449 Bellingham Avenue offers investors the opportunity to own a well-positioned asset in one of the San Fernando Valley’s most stable and sought-after rental markets. Known for its quiet, tree-lined streets and strong residential character, Valley Village attracts a diverse tenant base ranging from young professionals to families seeking a suburban feel with convenient urban access.
The property benefits from close proximity to major employment and entertainment hubs including Studio City, North Hollywood, and Burbank—home to major media and production employers such as Warner Bros. Studios, The Walt Disney Company, and Universal Studios. This central location supports consistent rental demand driven by the area’s strong employment base.
Tenants also enjoy convenient access to the Metro Red Line and the Ventura Freeway (US-101), providing seamless connectivity to Hollywood, Downtown Los Angeles, and the greater Los Angeles area. Additionally, nearby retail and dining options along Ventura Boulevard offer an abundance of amenities, further enhancing tenant appeal
Importantly, the property will be delivered with two vacant units, presenting a rare opportunity for an investor or owner-user to immediately capture significant upside. Buyers can renovate and lease at current market rents or occupy one or more units while maintaining income from the remaining tenancy. This built-in flexibility, combined with the strong fundamentals of the Valley Village submarket, positions the asset as a compelling value-add investment
With its combination of prime location, proximity to major job centers, and immediate income upside through vacancy, 5449 Bellingham Avenue represents an attractive opportunity in a highly competitive Los Angeles rental market.
The property benefits from close proximity to major employment and entertainment hubs including Studio City, North Hollywood, and Burbank—home to major media and production employers such as Warner Bros. Studios, The Walt Disney Company, and Universal Studios. This central location supports consistent rental demand driven by the area’s strong employment base.
Tenants also enjoy convenient access to the Metro Red Line and the Ventura Freeway (US-101), providing seamless connectivity to Hollywood, Downtown Los Angeles, and the greater Los Angeles area. Additionally, nearby retail and dining options along Ventura Boulevard offer an abundance of amenities, further enhancing tenant appeal
Importantly, the property will be delivered with two vacant units, presenting a rare opportunity for an investor or owner-user to immediately capture significant upside. Buyers can renovate and lease at current market rents or occupy one or more units while maintaining income from the remaining tenancy. This built-in flexibility, combined with the strong fundamentals of the Valley Village submarket, positions the asset as a compelling value-add investment
With its combination of prime location, proximity to major job centers, and immediate income upside through vacancy, 5449 Bellingham Avenue represents an attractive opportunity in a highly competitive Los Angeles rental market.
Property Facts
| Price Per Unit | $498,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.27% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 16.69 | Building Size | 3,438 SF |
| No. Units | 3 | Average Occupancy | 33% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1954 |
| Zoning | LAR3 - Multi-Family | ||
| Price Per Unit | $498,333 |
| Sale Type | Investment |
| Cap Rate | 3.27% |
| Gross Rent Multiplier | 16.69 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,438 SF |
| Average Occupancy | 33% |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | LAR3 - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,600 | - |
| 3+1 | 1 | $2,583 | - |
Property Taxes
| Parcel Number | 2347-013-004 | Improvements Assessment | $61,016 |
| Land Assessment | $46,057 | Total Assessment | $107,073 |
Property Taxes
Parcel Number
2347-013-004
Land Assessment
$46,057
Improvements Assessment
$61,016
Total Assessment
$107,073
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