5449 Bellingham Avenue, Valley Village, California 91607, Valley Village, 91607 - 7 bed, 3 bath
ACTIVE$1,950,000
5449 Bellingham Avenue, Valley Village, California 91607
7Beds
3Baths
3,438Sqft
7,018Lot
Year Built
1954
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
HD25052497
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.95M(50th), sqft - 3438(50th), beds - 7(50th), baths - 3(50th).
Location, location, location. Excellent triplex in Valley Village. right in the heart of the valley. Just off Chandler and Laurel Canyon. 2 - 2 bedroom and 1 - 3 bedroom units. Less than 100 ft. from Burbank Boulevard Elementary School. Quiet neighborhood. 2 Units are occupied with good well established tenants. Leases are M to M. Front Unit is vacant. Market rents for the area are excellent. Lot is over 7,000 SF. Built in the 50s and still in great shape. Large units by today's standards. Zoning is LAR3. Developer's dream if you want to scrape and re-build.
Nearby schools
7/10
Burbank Boulevard Elementary School
Public,•K-5•0.1mi
6/10
John B. Monlux Elementary School
Public,•K-5•0.9mi
6/10
Lankershim Elementary School
Public,•K-5•1.3mi
6/10
Erwin Elementary School
Public,•K-5•1.7mi
7/10
Rio Vista Elementary School
Public,•K-5•2.4mi
6/10
Walter Reed Middle School
Public,•6-8•1.4mi
5/10
James Madison Middle School
Public,•6-8•2.1mi
8/10
North Hollywood Senior High School
Public,•9-12•0.7mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•1.1mi
Condition Rating
Fair
Built in 1954, this property is well-maintained for its age, but the interiors, particularly the kitchen and bathrooms, are significantly outdated. The kitchen features original or very old cabinets, laminate countertops, and older white appliances. Bathrooms show dated vanities, fixtures, and tile work. While clean and functional, the property has not undergone major renovations in decades and requires substantial updates to meet current aesthetic and functional standards. Major components are functional but show clear signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Exceptional Location & Neighborhood: Situated in the highly desirable Valley Village, offering a quiet neighborhood environment and central access within the valley, enhancing tenant appeal and property value.
Significant Development Potential: Zoned LAR3, this property presents a prime opportunity for redevelopment or expansion, making it highly attractive to investors and developers looking for future value creation.
Immediate Income & Flexibility: As a triplex with two occupied units on month-to-month leases and one vacant unit, it provides immediate rental income while offering flexibility for owner-occupancy or immediate market-rate leasing of the vacant unit.
Proximity to Highly-Rated School: Located less than 100 feet from Burbank Boulevard Elementary School (rated 7), this feature significantly boosts its appeal to families seeking quality education nearby.
Spacious Units & Generous Lot: The property boasts large units by modern standards and sits on an expansive 7,018 sq ft lot, providing ample space for tenants and potential for outdoor amenities.
Cons
Property Age & Potential for Capital Expenditures: Built in 1954, the property, despite being in 'great shape,' may require significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or modernization in the future.
Month-to-Month Leases for Occupied Units: While offering flexibility, the month-to-month tenancy for two units could introduce uncertainty regarding tenant retention or require careful management for rent adjustments by a new owner.
Unspecified Interior Modernization: The description highlights the property's age and good condition but does not detail recent interior renovations, suggesting potential for outdated finishes that may limit market rent potential without further investment.