We are proud to present5222-5228Hermitage Avenue - a value add real estate opportunity located in Valley Village, CA. The 20 unit building is comprised of 1- Studio, 4- 1 bed/1 bath, 1- 1 bed/1.5 bath, 2- 2 bed/1 bath, 9- 2 bed/2 bath, 2- 2 bed/2.5 bath and 1- 3 bed/2 bath units. Constructed in 1948 and 1970, the 20 units sits on 2 APNs which eliminates the need for an on-site manager. The property spans18, 009gross square feet, and is set on a total 0.52-acre lot. The property has ample gated and garage parking for tenants with easy access through the front or either side of the properties. To enhance the quality of living for residents, the property features…
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The average household income in
Los Angeles, CA
grew
from
$60,197
to
$62,474
in the past year. This data is an estimate based upon
1,4M
households in
Los Angeles, CA. The chart below presents how household income is distributed in
Los Angeles, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Los Angeles, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Los Angeles, CA
equals
$3k+
, which is
more
than the national average.