6254 Whitsett, Valley Glen, CA 91406
List Price: $1.43M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 6 Bathrooms
Property Type: ResidentialIncome
Year Built: 1956
Lot Size: 6,534 sq ft
MLS Number: 26874537
About This Property
Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.
Listing provided by: Jeanette Monfared DRE #00765098 818-212-2700 Janette.Monfared@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26874537
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