Outstanding investment opportunity in the desirable Valley Glen neighborhood of North Hollywood, a highly sought-after submarket within the San Fernando Valley. This well-maintained five-unit property offers approximately 4,600 square feet of living space on a 6,566-square-foot lot and presents an ideal combination of immediate rental income and upside potential with three vacant units, including a beautifully rebuilt single-story 3-bedroom, 2-bath home with central A/C, providing the flexibility to lease at today's market rents, accommodate owner occupancy, or both. The property features a beautifully rebuilt single-story 3-bedroom, 2-bath home that has been completely renovated with quality finishes throughout, central air conditioning, and is currently vacant. Also included are two 2-bedroom, 1-bath units, including one vacant unit featuring a brand-new kitchen, new appliances, new flooring, and fresh interior paint. Completing the property are two 1-bedroom, 1-bath units, including one vacant unit that has also been updated with a brand-new kitchen, new appliances, new flooring, and fresh interior paint. Additional amenities include convenient rear carport parking, on-site attached laundry facilities, and an attractive unit mix that appeals to a broad tenant base. Ideally located across from Rhodes Avenue Park and near Valley College, the NoHo Arts District, shopping, dining, public transportation, and major freeway access, this property offers exceptional convenience for tenants. Whether you're an investor looking to maximize cash flow or an owner-user seeking to live in the 3-bedroom home while generating rental income, this is a rare opportunity in a sought-after location with tremendous income potential.