12256 Riverside Dr, Valley Village, CA 91607

Oct 22

Written By Jake Glaser

5-Unit Property in Valley Village w/ 2 Vacant | Strong Unit Mix & ADU Potential

Download Offering Memorandum

$1,695,000

Property Highlights

5-unit property in prime Valley Village, built in 1961
Currently has one vacant unit (2+1)
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 (buyer to verify)
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.

The Opportunity

The Glaser Group is pleased to present 12256 Riverside Drive, a well-maintained five-unit multifamily property located in the desirable Valley Village neighborhood of Los Angeles, a few blocks North of Studio City. The property currently features one vacant & lease-ready 2+1 unit.

Recent capital improvements include new exterior paint, resealed balconies and walkways, new awning supports, HVAC upgrades, and a fully renovated shared backyard with weatherproof storage. Additional enhancements include a wireless gated entry system, updated landscaping with drip irrigation, new security and path lighting, and a modernized shared laundry room with app-enabled or coin-operated machines. Together, these updates position the property as a well-cared-for and easy-to-manage investment.

The building comprises (1) 1+1, (2) 2+1, and (2) 3+2 units, separately metered for gas and electricity. Unit 1 has recently been rented (11/25) and is on RUBS for water+sewer expenses through Livable (max of $50/mo). Each apartment has benefited from targeted interior upgrades, including electrical sub-panel replacements, new double-pane Low-E windows, updated plumbing (with copper lines throughout many sections), modernized kitchens and bathrooms, new flooring and paint, and refurbished private outdoor spaces. The property also includes five tuck under parking spaces with tandem parking capability for 9 vehicles total. There is potential to convert parking into ADUs (buyer to verify).

Ideally situated near the Studio City border, 12256 Riverside Drive offers residents quick access to Universal Studios, Sherman Oaks, the Westfield Mall, Erewhon, Whole Foods, and the Silver Triangle. Its central location provides convenient connectivity across the San Fernando Valley and Greater Los Angeles, ensuring steady tenant demand.