5451 Whitsett Ave 16 Unit Apartment Building $2,950,000 ($184,375/Unit) 3.70% Cap Rate Valley Village, CA 91607

RE/MAX Commercial is proud to bring to market 5451–5457 Whitsett Ave & 12504–12522 Albers St in Valley Village, a 16-unit multifamily investment opportunity with major upside & development potential: Located in the heart of Valley Village, this rare 16-unit multifamily property presents investors with significant value-add potential through substantial rental upside—estimated at approximately 75%—and multiple avenues for enhancement and expansion. Positioned on a prime corner lot totaling ±20,909 SF, the property spans two addresses across Whitsett Avenue and Albers Street and is ideally located in one of the San Fernando Valley's most in-demand rental submarkets, with sub-3.5% vacancy. Comprised of twelve (12) spacious 1-bedroom, 1-bath units and four (4) 2-bedroom, 2-bath units, the asset boasts large average unit sizes of approximately 1,074 square feet. At least two of the units have gone through renovations in the past 10 years. The two-story, garden-style design includes interior courtyards and mature landscaping that enhance the overall resident experience. Detached garage parking offers investors a unique opportunity to pursue additional dwelling units (ADUs), supported by recent pro-housing legislation such as California AB 1211 (Buyer to Verify). These potential improvements could significantly boost income and long-term value.