11480 Riverside Drive, Valley Village CA

Situated on the corner of Riverside Drive and Camellia Avenue, the property lies on the border of Valley Village and the NoHo Arts District, and is just blocks from Studio City. A new owner may be able to add value to the asset through interior upgrades to capitalize on the approximately 34% upside in rents. Unit interiors feature irreplaceable character, with vintage hardwood floors and bay windows. A separate garage behind the property provides additional income to the owner, as do the on-site laundry facilities. Utility expenses are reduced by virtue of the individual water heaters within each unit. Located near the junction of the 101, 134, and 170 Freeways, the property provides convenient access to both the NoHo Arts District and Studio City. Tenants are just three blocks from one of the largest parks in the San Fernando Valley, the North Hollywood Recreation Center. The North Hollywood Metro Station is approximately one mile north of the property.