22763 Del Valle StLos Angeles, CA 91364

This exceptional multifamily investment opportunity presents a 4-unit apartment building situated on a 0.15-acre lot in desirable Woodland Hills, California. The property, located at 22763 Del Valle Street, boasts a total of 2,976 square feet of net rentable space, currently operating at 100% occupancy. Built in 1955, this two-story building is zoned R3, offering significant redevelopment potential. The current Net Operating Income (NOI) stands at $43,107, yielding a 2.87% cap rate, with a pro-forma cap rate projected at 4.48%. The asking price is $1,500,000, translating to $504.03 per square foot and $375,000 per unit. This property presents a compelling investment opportunity for those seeking a strong return in a rapidly developing area of Los Angeles. The property's location in Los Angeles County, zip code 91364, offers convenient access to major thoroughfares and amenities. The property features one building with four units. Further details regarding permitted zoning and lot size are available upon request. Buyer to verify building square footage and lot sizes.