Radford Apartments 5409 Radford Ave
13 Unit Apartment Building $2,900,000 ($223,077/Unit) 5.58% Cap Rate Valley Village, CA 91607
EXECUTIVE SUMMARY
Fred Leeds Asset Group, as the exclusive listing agent is pleased to present the opportunity to acquire 5409 Radford Avenue,
a 13-unit multifamily investment opportunity located in Valley Village.
The property currently features 14,162 square feet of gross rentable area, situated on a 10,166-square foot lot. The 13-unit
building is composed of 5 two-bedroom/two-bathroom units and 8 one-bedroom/one-bathroom units. The building is wellmaintained and offers gated parking and onsite laundry for tenants.
The property is nestled in the heart of the Valley, offering an alluring destination renowned for its residential allure, diverse
community, and prime access to a plethora of amenities. With its central location offering easy commute routes via major
freeways and adjacency to vibrant neighborhoods like North Hollywood and Studio City, Valley Village provides residents
with an extensive array of shopping, dining, and entertainment options.
From its proximity to the Noho Arts District to its abundance of recreational spaces, esteemed education, and steady property
appreciation, Valley Village stands as an ideal locale for those seeking a harmonious blend of suburban tranquility, urban
convenience, and investment potential.
Due to the property’s premier location, 5409 Radford Avenue offers a unique opportunity to any investor looking to acquire a
well-maintained asset in the heart of the San Fernando Valley.
a 13-unit multifamily investment opportunity located in Valley Village.
The property currently features 14,162 square feet of gross rentable area, situated on a 10,166-square foot lot. The 13-unit
building is composed of 5 two-bedroom/two-bathroom units and 8 one-bedroom/one-bathroom units. The building is wellmaintained and offers gated parking and onsite laundry for tenants.
The property is nestled in the heart of the Valley, offering an alluring destination renowned for its residential allure, diverse
community, and prime access to a plethora of amenities. With its central location offering easy commute routes via major
freeways and adjacency to vibrant neighborhoods like North Hollywood and Studio City, Valley Village provides residents
with an extensive array of shopping, dining, and entertainment options.
From its proximity to the Noho Arts District to its abundance of recreational spaces, esteemed education, and steady property
appreciation, Valley Village stands as an ideal locale for those seeking a harmonious blend of suburban tranquility, urban
convenience, and investment potential.
Due to the property’s premier location, 5409 Radford Avenue offers a unique opportunity to any investor looking to acquire a
well-maintained asset in the heart of the San Fernando Valley.
PROPERTY FACTS In Escrow
| Price | $2,900,000 |
| Price Per Unit | $223,077 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 10.44 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 14,162 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.92/1,000 SF |
SITE AMENITIES
- Laundry Facilities
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 1+1 | 8 | - | - |
1 of 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 2348-011-009 | Improvements Assessment | $548,181 |
| Land Assessment | $689,657 | Total Assessment | $1,237,838 |
ZONING
| Zoning Code | LARD1.5 |
