12256 Riverside Dr, Valley Village, CA 91607

Apr 1

Written By Jake Glaser

5 Units in Valley Village | 5.07% Cap & 11.98 GRM

Sold: $1,650,000

Property Highlights

5-Unit property in prime Valley Village, built in 1961
Closed for $1,650,000: $330K / Unit, $372/SF, 5.07% Cap Rate & 11.98 GRM
Delivered with one vacant unit
Desirable unit mix of (1) 1+1, (2) 2+1, and (2) 3+2 units
Separately metered for gas and electricity
Five covered parking spaces with tandem capability and potential for ADU conversion
Modern amenities such as wireless gated entry, updated landscaping, path and security lighting, and a shared laundry room
Extensive recent upgrades including new exterior paint, resealed balconies and walkways, new awning supports, HVAC improvements, and a renovated shared backyard with weatherproof storage
Close proximity to Universal Studios, Sherman Oaks, The Westfield Mall, Erewhon, Whole Foods, and the Silver Triangle, providing residents with top-tier shopping, dining, and lifestyle amenities.
Generated five competitive offers within the first 30 days of marketing, resulting in a strong sales process and optimal pricing

The Deal Story

The Glaser Group is proud to announce the closing of 12256 Riverside Drive in Valley Village — a well-located 5-unit multifamily property just a few blocks north of Studio City. This represents our 2nd closing of 2026 already!

We represented the Seller, a repeat client for whom we successfully sold another multifamily property earlier last year. This second transaction marks their exit from the Los Angeles multifamily market as they 1031 exchange into out-of-state, passive DST & NNN investments better aligned with their current goals. The Seller once again entrusted our team due to our proven ability to execute and deliver results.

Within one month of marketing, we generated five competitive offers, ultimately selecting the highest bidder. The Buyer, represented by an outside agent, is a local investor with an office nearby who plans to continue operating and improving the property, recognizing the long-term strength of the location given its proximity to Studio City.

The property sold for $1,650,000, equating to $330,000 per unit and $372.46/SF, at a 5.07% Cap Rate and 11.98 GRM. The building features a strong unit mix of (1) one-bedroom, (2) two-bedroom, and (2) three-bedroom units, with one renovated unit delivered vacant. Recent capital improvements include new exterior paint, resealed balconies and walkways, upgraded awning supports, HVAC improvements, and a fully renovated shared backyard with weatherproof storage.

If you’re considering a sale or acquisition, contact The Glaser Group at (310) 230-5157.