5314 Wilkinson Avenue, Valley Village, California 91607, Valley Village, 91607 - bed, bath
ACTIVE$1,949,000
5314 Wilkinson Avenue, Valley Village, California 91607
0Bed
0Bath
2,700Sqft
5,319Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern & Recently Updated Units: The property features three units, with one newly built in 2024, another renovated in 2023, and a third newly built in 2025, ensuring modern amenities and reduced immediate maintenance needs.
Top Cons:
Inconsistent Build/Renovation Dates: There is a discrepancy between the overall property's listed year built (2023) and the individual unit construction/renovation dates (2023, 2024, 2025), which requires clarification for accurate assessment.
Compared to the nearby listings
Price:$1.95M vs avg $1.65M (+$299,500)50%
Size:2,700 sqft vs avg 3,163 sqft50%
Price/sqft:$722 vs avg $54750%
More Insights
Built in 2023 (2 years old).
Condition: This property is explicitly described as being built in 2023, with individual units either newly built in 2024/2025 or fully renovated in 2023. The images confirm this, showcasing modern kitchens with new appliances (both stainless steel and white options), contemporary white cabinetry, sleek dark countertops, and recessed lighting. Bathrooms feature modern grey tile showers with glass enclosures, new vanities, and updated fixtures. Throughout the units, light wood-look laminate flooring is consistent, and mini-split AC units indicate modern cooling/heating systems. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Year Built
2023
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
$722
HOA
-
Days on market
-
Sold On
-
MLS number
SR25144189
Home ConditionExcellent
Features
View-
About this home
Valley Village Income Property – $1,995,000 Exceptional investment opportunity in the heart of Valley Village, CA, featuring three beautifully finished residential units—each offering modern design, strong rental income, and excellent long-term appreciation potential. Property Overview: Offered at: $1,995,000 Total Units: 3 Total Monthly Income: $9,600 Annual Gross Income: $115,200 Unit Breakdown Unit 1: 3 Bedrooms | 2 Bathrooms Built in 2024 – Modern construction with contemporary finishes Rented for $4,250/month Unit 2: 2 Bedrooms | 2 Bathrooms Fully renovated in 2023 Rented for $3,150/month Unit 3: 1 Bedroom | 1 Bathroom Newly built in 2025 Rented for $2,200/month Highlights - Turnkey income property with stable tenants - All units feature updated systems, finishes, and appliances - Separate utility meters for efficiency - Prime Valley Village location close to major studios, shopping, and transportation - Ideal for investors seeking strong cash flow and future growth potential
Nearby schools
7/10
Burbank Boulevard Elementary School
Public,•K-5•0.4mi
6/10
John B. Monlux Elementary School
Public,•K-5•1.0mi
6/10
Lankershim Elementary School
Public,•K-5•1.5mi
6/10
Erwin Elementary School
Public,•K-5•1.6mi
7/10
Rio Vista Elementary School
Public,•K-5•2.5mi
6/10
Walter Reed Middle School
Public,•6-8•1.5mi
5/10
James Madison Middle School
Public,•6-8•2.2mi
8/10
North Hollywood Senior High School
Public,•9-12•0.9mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.0mi
Condition Rating
Excellent
This property is explicitly described as being built in 2023, with individual units either newly built in 2024/2025 or fully renovated in 2023. The images confirm this, showcasing modern kitchens with new appliances (both stainless steel and white options), contemporary white cabinetry, sleek dark countertops, and recessed lighting. Bathrooms feature modern grey tile showers with glass enclosures, new vanities, and updated fixtures. Throughout the units, light wood-look laminate flooring is consistent, and mini-split AC units indicate modern cooling/heating systems. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Pros & Cons
Pros
Modern & Recently Updated Units: The property features three units, with one newly built in 2024, another renovated in 2023, and a third newly built in 2025, ensuring modern amenities and reduced immediate maintenance needs.
Strong & Stable Rental Income: With a total monthly income of $9,600 and stable tenants, this property offers immediate and robust cash flow for investors.
Turnkey Investment Opportunity: Marketed as a turnkey property with existing stable tenants, it provides a hassle-free investment for immediate income generation.
Prime Valley Village Location: Situated in a desirable Valley Village location, the property benefits from proximity to major studios, shopping, and transportation, enhancing its appeal and long-term appreciation potential.
Operational Efficiency with Separate Utilities: Each unit features separate utility meters, promoting operational efficiency and reducing landlord-borne utility costs.
Cons
Inconsistent Build/Renovation Dates: There is a discrepancy between the overall property's listed year built (2023) and the individual unit construction/renovation dates (2023, 2024, 2025), which requires clarification for accurate assessment.
Recent Price Reduction: The property has undergone a recent price reduction from $1,995,000 to $1,949,000, which may indicate initial overpricing or slower market absorption.
Absence of Detailed Operating Expenses: While gross income is provided, the lack of detailed operating expenses makes it challenging to calculate the true net cash flow and cap rate for investors.