A LA Multifamily success story in Valley Village
Sold in 75 Days @ 99% of Listed Price in SFV
4741 Radford Ave.
4741 Radford Ave marks one of several properties we've sold for this client as they reallocate away from LA real estate. Learn more below.
Offering Price
$3,926,000
City
Valley Village
Current CAP
5.57%
Price per unit
$436,222
Lot Size
7,223 SF
4741 Radford Ave
Offering Price
$3,926,000
Number of Units
9 Units
Bldg. Size
11,303 SF
Price per Foot
$347
Year Built
1988
Market CAP
6.14%
Zoning
LAR3
Background
Located south of Riverside Dr, 4741 Radford Ave was a clean, professionally managed 9-unit complex that checked all the boxes. Built in 1988 and exempt from L.A.'s rent control (RSO), the property offered investors a rare blend of stability, income, and fewer property management headaches; especially when compared to older inventory. Comprised entirely of large 2-bdrm, 2-bath units (approx. 1,100+ SF avg), many interiors had been thoughtfully upgraded with modern finishes: hardwood laminate flooring, updated kitchens with stainless steel appliances, washer/dryer in-unit, and private balconies. Offered at $349/SF, the building generates a 5.52% CAP on actual income, providing immediate returns with minimal repositioning required. The 1988 construction also meant fewer capital expenditure surprises and more reliable systems than vintage alternatives.
This seller had been actively repositioning out of the LA market, and we’ve helped him close multiple sales over the last two years. He came back to KST for Radford after seeing success on prior listings.
Result
We received four offers within 11 days, but due diligence revealed some standard wear-and-tear items that required negotiation. A buyer, represented by an outside agent, initially submitted an offer over asking but requested credits following the inspections. We navigated this carefully, ensuring pricing remained strong while keeping escrow on track.
The deal closed at $3,926,000, representing 99% of the asking price in 75 days. Most notably, the buyer assumed the seller's existing loan, saving our client over $40,000 in prepayment penalties. This was our 5th San Fernando Valley sale in 2025, and part of a string of three closings in the past two weeks. We've now closed 17 transactions this year, despite ongoing rate headwinds and buyer hesitation.
