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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 (Dec 2025) 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.
| DAYS ON MARKET | 43 | LAST UPDATED | 12/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1961 | COMMUNITY | VVL - Valley Village |
| COUNTY | Los Angeles | STATUS | Conditional |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | VVL - Valley Village |
|---|---|
| GARAGE | Yes |
| HEAT | Wall Furnace |
| LOT | 7161 sq ft |
| LOT DIMENSIONS | 57x125 |
| PARKING | Covered, Carport, Garage, Tandem |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 12/5/25 11:56 PM PST 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. Properties may or may not be listed by the office/agent presenting the information
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