22757 Del Valle StLos Angeles, CA 91364

This exceptional Woodland Hills investment opportunity presents a 3-unit apartment building situated on a 0.15-acre lot (APN 2040-031-023). The property, located at 22757 Del Valle St, Los Angeles, CA 91364, boasts 2,200 square feet of net rentable space and is currently priced at $1,275,000, representing a price per square foot of $579.55 and a price per unit of $425,000. Built in 1955, this single-story building offers significant redevelopment potential under the LAR3-1 permitted zoning. The property generates a current NOI of $31,028, resulting in a 2.43% cap rate. This prime location in the desirable "South of the Boulevard" area of Woodland Hills offers excellent visibility from Ventura Boulevard. The property's strong potential for future development, coupled with its current income stream, makes it an attractive investment opportunity in a rapidly growing area of Los Angeles. Buyer to verify building square footage and lot sizes.