5418 Hermitage Avenue

Los Angeles CA 91607

4736 sq. ft.

7429 sq. ft.

Other

Last sold for $2,050,000

Jeffrey Louks, last sold this property on 24 November 2025 after 97 days on market.

Overview

5418 Hermitage Avenue is a well-positioned 7-unit multifamily property in the desirable Valley Village neighborhood of Los Angeles, CA. Built in 1985, this property is exempt from the Los Angeles City Rent Stabilization Ordinance (RSO), providing flexibility for investors to adjust rental rates in alignment with market demand. The unit mix consists of one 2-bedroom/2-bathroom unit, five 1-bedroom/1bathroom units, and one studio, catering to a diverse tenant base including young professionals, small families, and individuals seeking proximity to urban amenities. The property benefits from a stable rental market in Valley Village, driven by its proximity to major employment hubs such as Universal Studios Hollywood (approximately 4 miles away) and the entertainment industry in nearby Studio City and North Hollywood. The unit mix supports strong rental income potential, with 2-bedroom units appealing to higher-income tenants and 1-bedroom/studio units attracting cost-conscious renters. Modern amenities, such as in-unit washer/dryer, dishwasher, and pet friendly policies (as seen in similar properties in the area), enhance tenant retention and reduce vacancy rates. From an investment perspective, the property offers a compelling opportunity for value-add strategies. Given its 1985 construction, selective renovations (e.g., updating kitchens, bathrooms, or common areas) could further increase rental income and property value. The absence of RSO restrictions allows for market-driven rent adjustments, maximizing cash f low in a neighborhood with consistent demand. Additionally, the property's location in a highly walkable and bikeable area with access to public transit (Laurel Canyon Station, 0.3 miles away) enhances its appeal to tenants, supporting long-term occupancy stability.

Features

8 bedrooms

8 bathrooms

2 carspaces

4736 sq. ft. floor area

7429 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 8 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 5418 Hermitage Avenue

2025

Sold

$2,050,000

24 Nov 2025 by Jeffrey Louks, of Marcus & Millichap

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