5150 Valley Boulevard, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

5150 Valley Boulevard, Los Angeles, California 90032 home-pic-0
ACTIVE$950,000
5150 Valley Boulevard, Los Angeles, California 90032
0Bed
0Bath
3,261Sqft
4,500Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Potential: Positioned as an exceptional income-generating 4-plex suitable for investors or owner-occupants in a rapidly growing and vibrant neighborhood.
Top Cons:
Partial Renovation Scope: Only Unit Four is explicitly stated as recently renovated, implying the other three units may require significant capital expenditure for updates to maximize rental income and tenant appeal.

Compared to the nearby listings

Price:$950.0K vs avg $797.5K (+$152,500)67%
Size:3,261 sqft vs avg 1,850 sqft92%
Price/sqft:$291 vs avg $46117%

More Insights

Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. While the listing states that Unit Four has been recently renovated with a brand-new bathroom and updated kitchen (new cabinets, granite countertops), the images reveal that the other units are significantly dated and in poor condition. Specifically, the kitchen in Image 10 shows heavily painted, old cabinets with missing drawer fronts, an outdated sink, and old appliances, indicating a need for substantial rehabilitation. Other images of unrenovated units show popcorn ceilings, older flooring (carpet/tile), and dated fixtures. The property's overall condition, considering 3 out of 4 units require significant updates and at least one is in very poor shape, aligns with the 'poor' category, requiring substantial repairs and rehabilitation for the majority of the units.
Year Built
1964
Close
-
List price
$950K
Original List price
$1.06M
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
WS25106120
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

Exceptional Investment Opportunity in University Hills, El Sereno. Situated in the rapidly growing neighborhood of El Sereno, this well-maintained two-story 4-plex presents an outstanding opportunity for investors or owner-occupants alike. The property consists of four thoughtfully laid-out units—two on the ground floor and two upstairs. The unit mix includes: Units One and Two both has 1 bedroom, 1 bathroom. Unit Three has 2 bedrooms, 2 bathrooms in 2 separate spaces that are equipped with individual kitchens, adding flexibility and value to the property. Unit Four has 2 bedrooms, 1 bathroom. It has been recently renovated, featuring fresh paint, a brand-new bathroom, an updated kitchen with new cabinets, granite countertops, and in-unit laundry hook ups. Move-in ready. The building is approximately 3,261 sq ft on a 4,500 sq ft lot and offers six on-site parking spaces. Ideally located less than 20 minutes from Downtown Los Angeles and within proximity to Cal State LA, Alhambra, Pasadena, San Gabriel, Arcadia, and scenic Ascot Hills with stunning views from Downtown to Hollywood. Residents will enjoy nearby restaurants, public transportation, and easy access to major freeways including the 10 and 710. Don’t miss your chance to own a versatile and income-generating multi-family property in a vibrant and up-and-coming neighborhood—perfect for both living and long-term investment.

Price History

Date
Event
Price
05/27/11
Sold
$365,000
03/29/07
Sold
$605,000
03/23/05
Sold
$440,000
Condition Rating
Poor

The property was built in 1964, making it 60 years old. While the listing states that Unit Four has been recently renovated with a brand-new bathroom and updated kitchen (new cabinets, granite countertops), the images reveal that the other units are significantly dated and in poor condition. Specifically, the kitchen in Image 10 shows heavily painted, old cabinets with missing drawer fronts, an outdated sink, and old appliances, indicating a need for substantial rehabilitation. Other images of unrenovated units show popcorn ceilings, older flooring (carpet/tile), and dated fixtures. The property's overall condition, considering 3 out of 4 units require significant updates and at least one is in very poor shape, aligns with the 'poor' category, requiring substantial repairs and rehabilitation for the majority of the units.
Pros & Cons

Pros

Strong Investment Potential: Positioned as an exceptional income-generating 4-plex suitable for investors or owner-occupants in a rapidly growing and vibrant neighborhood.
Prime Location & Accessibility: Strategically located less than 20 minutes from Downtown LA, near major universities (Cal State LA), and with excellent freeway access (10 & 710), enhancing tenant demand.
Flexible Unit Mix: Features a versatile unit configuration, including Unit Three with two separate spaces and individual kitchens, adding flexibility and value for diverse tenant needs.
Recently Renovated Unit: Unit Four is move-in ready with fresh paint, a brand-new bathroom, updated kitchen, and in-unit laundry hookups, offering immediate tenant appeal and reduced turnover risk for that unit.
Ample On-Site Parking: Provides six dedicated on-site parking spaces, a significant and highly desirable amenity for a multi-family property in the Los Angeles market.

Cons

Partial Renovation Scope: Only Unit Four is explicitly stated as recently renovated, implying the other three units may require significant capital expenditure for updates to maximize rental income and tenant appeal.
Building Age: Constructed in 1964, the property may have older infrastructure and systems in the unrenovated units, potentially leading to higher maintenance costs or future upgrade requirements.
Compact Lot Size: The 4,500 sq ft lot size for a four-unit building is relatively compact, which could limit outdoor common areas or future expansion possibilities.

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