4725 Radford Avenue

4725 Radford Avenue

Valley Village, CA 91607

$11,500,000
Price
41
Beds
38
Baths
28,037 Sq. Ft.
$410 / Sq. Ft.
28,037
Sq. Ft.
$410
per Sq. Ft.
a view of a building with a street
a view of a building with a yard and plants
a aerial view of multi story residential apartment building with yard and parking space
an aerial view of multiple houses with yard
a view of a building with a street
a living room with stainless steel appliances furniture and a kitchen view
a living room with furniture and a view of kitchen
a kitchen with a sink stainless steel appliances and view living room
a bedroom with a bed and wooden floor

Description

We are proud to present "The Radford", a 21-unit condominium property located at 4725 Radford Ave in prime Valley Village, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,037 sqft building sits on a 0.28 acre lot, and it boasts an excellent unit mix of (4) 1 Bed / 1 Bath condos, (14) 2 Bed / 2 Bath condos, and (3) 3 Bed...We are proud to present "The Radford", a 21-unit condominium property located at 4725 Radford Ave in prime Valley Village, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,037 sqft building sits on a 0.28 acre lot, and it boasts an excellent unit mix of (4) 1 Bed / 1 Bath condos, (14) 2 Bed / 2 Bath condos, and (3) 3 Bed / 2 Bath condos, with an average size of 788sf, 1,184sf, and 1,429sf, respectively. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed). The property has a gated, double-subterranean parking lot with four levels of residential above. The 1st floor has 6 condos while the 2nd, 3rd, and 4th floors all have 5 condos. The top floor is reserved for 5 beautiful penthouses. These modern and luxury condos are fully equipped with central A/C, new stainless steel appliances, in unit washer/dryer, open floor plan kitchen, dining area, large living room, wood-inspired vinyl floors, and a private balcony/patio. The property is individually metered all utilities, including water, which keeps the landlord's utility expenses to near nothing. The building generates additional income through renting out extra parking spaces and seven storage spaces to tenants for additional charge. The building also has 14.8kwp solar panels and EV chargers which provide the landlord with extra income. Currently, this condo building is being operated as apartment rentals, and the building is 100% occupied with all tenants paying rent. The 21 condos bring in a combined $63,500 of rent per month, or $762,000 per year. A recent rent survey suggests full market-rent potential at $75,300 per month, or $904,000 per year, presenting an investor with approximately 19% upside potential. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley show that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $410 per sqft, there's immense profit potential for an investor who's willing to put in the time to sell these condos individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Radford is perfectly located in Valley Village, within close proximity to Gelson's, Starbucks, Moorpark park, and plenty of bars, restaurants, and shopping. The property has quick access to the 101, 170, and 405 freeways, allowing for easy commuting to anywhere throughout Los Angeles and beyond. Its proximity to Studio City, Sherman Oaks, Toluca Lake, Burbank and Hollywood positions it as an ideal home for those seeking access to the best the Valley has to offer.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4725 Radford Avenue

Zoning
LAR3
Parcel Number
2355014178
Total Units
21.0
Living Area
28037
Source Living Area
Vendor Enhanced
Area
Valley Village (VVL)
Vacancy Rate
3%
Lot Size Area
11987

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 04/08/2024 12:58 PM

Property Details for 4725 Radford Avenue

StatusActive
MLS #24-374897
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.28 AC / 11,987 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 4725 Radford Avenue

Stories-Residences-Year Built2018Building Size-Lot Size0.28 AC / 11,987 SF

Payment Calculator

$70,037 per month

30 year fixed, 7.25% Interest

Principal and Interest

$62,760

Property Taxes

$7,277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4725 Radford Avenue

Community / Development
Community / Development
  • Number Of Units: 21
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $739,289
  • Net Operating Income: $524,074.00
  • Gross Income: $762,154
  • Cap Rate: 4.56%
  • Gross Rent Multiplier: $15.09
  • Total Annual Expense: 232572
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2752
  • Lot Size Square Feet: 11987
  • Lot Size Dimensions: 120x100
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage, Electric Vehicle Charging Station(s), Gated
  • Total Parking: 42
  • Parking Features: Garage, Gated
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other, Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,531.00
  • Unit Actual Rent: $10,123.00
  • Unit Projected Rent: $11,300.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,712.00
  • Unit Actual Rent: $41,505.00
  • Unit Projected Rent: $51,104.00
  • Like Units: 14
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,962.00
  • Unit Actual Rent: $11,885.00
  • Unit Projected Rent: $12,900.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $5,178,552.00
  • Assessed Improvement Percent: 74.29
  • Assessed Land Value: $1,792,079.00
  • Assessed Land Percent: 25.71
  • Assessed Total Value: $6,970,631.00

Property History for 4725 Radford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4725 Radford Avenue

Taxable ValueLand$1,792,079Additions$5,178,552Total$6,970,631
Tax Record2023$87,324 ($7,277 / month)
Home Facts
Total Finished SqFt28,037 SqFtAbove Grade Finished SqFt28,037 SqFtStories1Lot Size11,984 SqFtStyleMulti-Family Res (5+ Units)Year Built2018ZoningLAR3CountyLOS ANGELESAPN2355-014-178

Schools near 4725 Radford Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Colfax Charter Elementary School
Charter - K to 5
Walter Reed Middle School
Public - 6 to 8
North Hollywood Senior High School
Public - 9 to 12
South Shores/Csudh Visual And Performing Arts
Public - K to 5
Rating
School
Distance
Colfax Charter Elementary School
CharterK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

South Shores/Csudh Visual And Performing Arts
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4725 Radford Avenue, Valley Village, CA 91607

4725 Radford Avenue is a multi-family home for sale in Valley Village, CA 91607. This property was listed for sale on March 29, 2024 by Marcus & Millichap, it's currently listed at $11,500,000. It has been on the market for a total of 33 days and was last sold on August 4, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Colfax Charter Elementary School, Walter Reed Middle School and North Hollywood Senior High School. 4725 Radford Avenue is a 41-bed, 38-bath, 28,037 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.