2 months on rocket

5238 Hermitage, Valley Village, CA, 91607

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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5238 Hermitage, Los Angeles$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDoor-Multi, Door-Single, Garage
Garage3 spaces
Year Built1951
MLS #EV24194533
Lot Size0.19 Acres
StatusActive

About 5238 Hermitage

Outstanding Investment OPPORTUNITY!! 5238 Hermitage is a Multi-Family Triplex located in the highly desirable Valley Village Community. The property consists of (3) one bedroom, one bath units, each having use of a detached (3) car garage. This quaint property was built in 1951 and has a lot size of approximately 8,197 square feet with a total rentable space of 1,885. The site is level and the development potential is great. Options may be available to improve the property or re-develop the site, with a significant density boost. Buyer to verify all City, State Codes and Programs available for re-development. The Valley Village community is an area that is rich in culture and traditions and is located with easy access to public transportation, metro link, and a variety of shopping centers, churches, schools and restaurants. This property and the surrounding area features established small to multi-family projects, which are close to the 101, 170 and 134 Freeways. Don't miss out on this exceptional opportunity!! Property is being sold in it's current 'As Is" condition without any repairs or relocation of tenants. Buyer to do their own due dilligence.

Property Details

Property Features

Property Information:

  • Year Built: 1951
  • Stories: 1

Listing Office:

  • Office Name: MELISSA KAYE ROSE, BROKER
  • Office Phone: (760) 880-3114
  • Listing Agent: MELISSA ROSE

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Door-Multi, Door-Single, Garage

Lot Features

Lot Information:

  • Lot: Sprinklers
  • Lot Size: 0.19 Acres

Other

Directions Information:

  • Directions: Hermitage is located north of Magnolia Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

5238 Hermitage vs Los Angeles

64 DAYS ON ROCKET

+26 Days

$1,500,000

+$476.5K More

KEY TAKEAWAY

This property is $476.5K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #EV24194533

Listing Office:

  • Office Name: MELISSA KAYE ROSE, BROKER
  • Office Phone: (760) 880-3114
  • Listing Agent: MELISSA ROSE

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 4:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-668121
5
/10

  • Burbank Boulevard Elementary

  • 12215 Albers St

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-668122
9
/10

  • Colfax Charter Elementary

  • 11724 Addison St

  • 0.72 miles

  • Public Charter Grades KG-5

school-card-donut-668123
6
/10

  • Riverside Drive Charter

  • 13061 Riverside Dr

  • 1.14 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,267. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›91607›5238 Hermitage

This home is located at 5238 Hermitage in Valley Village, CA and zip code 91607 in the The San Fernando Valley neighborhood. This home, which was built in 1951, sits on a 0.19 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $1,500,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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