11743 Riverside, Valley Village, California 91607, Valley Village, 91607 - 0 bed, 0 bath
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Valley Village, California 91607
This Quadruplex Income Asset presents a High-Potential Investment Opportunity with a List Price of $1,350,000—positioned below the $1,371,443 Fair Market Value by 1%. This valuation gap provides $21,443 in Instant Equity. While maintaining a Fair Condition Rating, the property features hardwood floors, copper plumbing, and a newer electrical panel. Located in prime Valley Village near North Hollywood Senior High, the asset offers significant rental upside through interior modernization. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11743 Riverside Subject | $1,350,000* List Price | 0 | 0 | 2,838 | $483 | - |
A 5337 Bellingham Avenue Sold | $1,350,000 | 0 | 0 | 3,626 | $372 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this 73-year-old quadruplex is functional and occupied but categorized as 'fair' due to its age and 'value-add' status. While it has received critical system updates (copper plumbing and newer electrical panel), the overall property is dated and requires interior modernization of kitchens and baths to reach its full rental potential.
Situated in the heart of Valley Village adjacent to Studio City, the property is within walking distance to Gelson’s, popular cafes, and highly-rated schools, ensuring high tenant demand and long-term desirability.
With all units currently on month-to-month leases and a clear path to rent increases in early 2027, there is substantial upside for investors to align rents with market rates and maximize income.
The property features essential capital improvements including a newer electrical panel and copper plumbing, which helps mitigate immediate maintenance expenses and provides a solid foundation for future renovations.
Units are not eligible for rent increases until February 2027, which may limit immediate cash flow optimization for a new owner during the first few years of ownership.
The 'drive-by only' restriction and requirement to not disturb tenants prevent a thorough interior inspection prior to an offer, potentially masking necessary cosmetic or structural repairs.
A four-unit income producing property with charm and character in the heart of Valley Village, adjacent to Studio City. Excellent location. The property features a desirable unit mix of two 1 bedroom/1 bath units and two 2-bedroom/1 bath units, all with hardwood floors throughout. Strong value add opportunity with excellent upside in rents and relatively low maintenance expenses. Property improvements include a newer electrical panel, copper plumbing, and a convenient on-site laundry room located off the carports. Ideally situated near Gelson’s, the popular Marie et Cie coffee house, Starbucks, and Colfax Elementary School. All units are currently rented on month-to-month leases. Units are eligible for rent increases beginning February 2027. Excellent opportunity for a buy-and-hold investor seeking long-term growth and income potential. Please respect tenant privacy. Drive-by only. Do not disturb occupants.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,838 | 3,232 | 50% |
| Lot Size | 6,502 | 7,156 | 50% |
| Price | $1.35M | $1.35M | 50% |
| Price per sq ft | $476 | $424 | 50% |
| Built year | 1951 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 177 | 50% |
Apr 18, 2026
$1,350,000
Initial Listing
Oct 3, 2014
$985,000
Public Record
Oct 17, 2008
$690,000
Public Record