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5506 Valley Blvd, Los Angeles, CA 90032
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5506 Valley Blvd Los Angeles, CA 90032

$1,800,000
  • 7 Beds
  • 7 Baths
  • 4,687 Sq.Ft.
For Sale
$1,800,000 Get Pre-Qualified
Map preview of 5506 Valley Blvd, Los Angeles, CA 90032

Property Overview: 5506 Valley Blvd Los Angeles, CA has 7 bedrooms, 7 bathrooms, 4,687 living square feet and 10,006 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 7 Units Aparment building ~ Center courtyard with a garden ~ Recent upgrades with a new roof and completed Los Angeles soft-story seismic retrofit in 2021 ~ The mix of unit sizes, with six 1-bedroom, 1-bath units on the first floor and a large 3-bedroom, 1.5-bath unit on the second floor ~ Assigned parking with six garages and one additional space ~ Located in a quiet, safe neighborhood ~ Easy access to the 710 freeway and multiple alternative routes to reach downtown Los Angeles.

Listed by XIAOXI SHANG | BRE #01386754 | Pros Group Inc
Last checked: 14 minutes ago | Last updated: May 10th, 2024 | Source CRMLS | DOM: 10
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Home details

Lot Sq. Ft
10,006
HOA Dues
$0/mo
Year built
1952
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
WS24090466
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $983
  • Total Rent: $983
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,521
  • Total Rent: $1,521
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,133
  • Total Rent: $1,133
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $852
  • Total Rent: $852
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,125
  • Total Rent: $1,125
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,158
  • Total Rent: $1,158
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.13%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $106,476
  • Net Operating Income: $74,484
  • Gross Operating Income: --
  • Laundry Income: $0
  • Other Income 1: $1,200
Annual Expense Breakdown
  • Total Operating Expense: $31,992
  • New Taxes: $23,400
  • Trash: $0
  • Insurance: $2,594
  • Maintenance: $1,250
  • Professional Management: $0
  • Water/Sewer: $4,748

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Property Details for 5506 Valley Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Level with Street, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5221012018
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of 710 Freeway
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 5506 Valley Blvd

Last sold for $755,000 on February 14th, 2013

  • May, 2024

  • May 7, 2024

    Date

    Active

    CRMLS: WS24090466

    $1,800,000

    Price

  • February, 2013

  • Feb 14, 2013

    Date

    Sold (Public Records)

    Public Records

    $755,000

    Price

  • June, 2001

  • Jun 29, 2001

    Date

    Sold (Public Records)

    Public Records

    $94,000

    Price

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Tax History for 5506 Valley Blvd

Assessed Value (2020): $851,548
Year Land Value Improved Value Assessed Value
2020 $450,392 $401,156 $851,548

Home Value Compared to the Market

This property vs the competition

5506 Valley Blvd is listed 44% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777 and this home is listed at $384.04 per/sqft which puts the price per square foot 50.57% lower than the median price per square foot for the city of Los Angeles.

About 5506 Valley Blvd

Detailed summary of property

5506 Valley Blvd is a apartment located in Los Angeles, CA 90032 and is currently for sale. This apartment offers 7 bedrooms, 7 bathrooms, roughly 4,687 living square feet, and sits on an approximately 10,006 square foot lot. 5506 Valley Blvd was first listed on ArdentRealEstateGroup.com on May 7, 2024. The homeowner is currently asking $1,800,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $777. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 44% higher than the median priced home. Local competing homes currently for sale include 3020 Baldwin St, 2437 Houston St and 2853 Cincinnati St. While the average home in Los Angeles, CA is selling in 92 days, 5506 Valley Blvd has a days on market of 10 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5506 Valley Blvd Los Angeles, CA 90032 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5506 Valley Blvd

Public county record property details
Beds
8
Baths
5
Year built
1952
Sq. Ft.
4,687
Lot Size
10,003
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
140-142
APN
5221-012-018

The source for these homes facts are from public records.

90032 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$662
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$676
Total Inventory
64
Median Sale to List Price %
93.75%
Avg Days on Market
20
Loan Type
Conventional (40%), FHA (10%), VA (0%), Cash (20%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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