5318 Alhama Drive

    Woodland Hills, CA 91364
    • $1,450,000
    • STATUS: Active
    • ON SITE: 165 days
    • ID#: 17268486
    UPDATED: 50 min ago
    $1,450,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,896
      SQFT
    • $501
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    5318 Alhama is a duplex with a permitted addition 1 blk south of Ventura Blvd. The main house is a 3bed/2bath ($3,200/mo). The rear building is 2 stories - a 2bed/2bath unit ($2750/mo) over 4-car garage. The 3rd unit ($1950/mo) is attached to the main house, has its own separate entrance & driveway - a 1bed/1bath & does not directly access the house. The main house was built in 1940. The second building was built in 1982. The property was remodeled in 2008 (the 3rd unit was added then). A total of 14 parking spaces: 4-car garage & 2 tandem for the 2/2 unit, & 2 tandem spaces for the main house. Plus an additional 6 uncovered parking spaces. Copper plumbing throughout. Sewage and drain lines are newer. Located just one block from the shopping, restaurants, & businesses of Ventura Blvd. Subject property has strong existing cash flow with realistic upside year 1, and low expenses. Close to Trader Joe's (1 block), Whole Foods (3 blocks), Warner Center, Topanga Mall, and the 101 freeway.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/76632927

    5318 Alhama Drive Woodland Hills, CA 91364

    • Price: $1,450,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 17268486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    2,896
    SQFT
    $501
    $/SQFT
    1940
    Built
    Neighborhood:
    WHLL - Woodland Hills
    County:
    Los Angeles
    Area:
    WHLL - Woodland Hills
    Property Description
    5318 Alhama is a duplex with a permitted addition 1 blk south of Ventura Blvd. The main house is a 3bed/2bath ($3,200/mo). The rear building is 2 stories - a 2bed/2bath unit ($2750/mo) over 4-car garage. The 3rd unit ($1950/mo) is attached to the main house, has its own separate entrance & driveway - a 1bed/1bath & does not directly access the house. The main house was built in 1940. The second building was built in 1982. The property was remodeled in 2008 (the 3rd unit was added then). A total of 14 parking spaces: 4-car garage & 2 tandem for the 2/2 unit, & 2 tandem spaces for the main house. Plus an additional 6 uncovered parking spaces. Copper plumbing throughout. Sewage and drain lines are newer. Located just one block from the shopping, restaurants, & businesses of Ventura Blvd. Subject property has strong existing cash flow with realistic upside year 1, and low expenses. Close to Trader Joe's (1 block), Whole Foods (3 blocks), Warner Center, Topanga Mall, and the 101 freeway.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayUncoveredGarageParking SpaceOn Site Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Central Cooling YN Yes Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 4.91 Gross Multiplier 15.30 Gross Operating Income 94800.00 Improvements Amount 577678 Land Value 350847 Laundry YN Yes Net Operating Income 72450.00 Special Listing Conditions Standard Total Expenses 22350.00 Zoning Lar2

    Listing provided courtesy of Oron Maher of Brc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-24T12:27:03.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003