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Ben Apartments 4717 Ben Ave

33 Unit Apartment Building $19,773,706 CAD ($599,203 CAD/Unit) 4.90% Cap Rate Valley Village, CA 91607

Investment Highlights

  • Pride of ownership 33 unit apartment building in prime Valley Village South of Riverside Drive
  • Excellent unit mix consisting of (10) 1+1 units and (23) 2+2 units
  • Units feature fireplaces, balconies, tile entries, and crown molding
  • Subject to AB-1482 rent control
  • Upside in existing rents
  • 80 percent of the units have been renovated; New elevator, roof is 1 year old, boiler is 2 years old

Executive Summary

Equity Union Commercial is proud to represent this 33 unit property in Valley Village.
The property was constructed in 1987. Its unit mix consists of (10) 1+1 units and (23) 2+2 units. With a lot size of 25,343 square feet, the property has a total of 30,915 rentable square feet.
The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

Attachments

4717 Ben OM

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $19,773,706 CAD
Price Per Unit $599,203 CAD
Sale Type Investment
Cap Rate 4.90%
Gross Rent Multiplier 14.13
No. Units 33
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.58 AC
Building Size 30,915 SF
Average Occupancy 94%
No. Stories 3
Year Built 1989
Parking Ratio 1.07/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Tile Floors
  • Oven
  • Range
  • Carpet

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 700 - 800
2+2 23 - 800 - 1,000
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2355-014-025
Land Assessment
$4,410,910 CAD (2024)
Improvements Assessment
$5,891,016 CAD (2024)
Total Assessment
$10,301,926 CAD (2024)

zoning

Zoning Code R3 (Residential)
R3 (Residential)
  • Listing ID: 34095958

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 4717 Ben Ave, Valley Village, CA 91607

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