Description
This is an incredible opportunity to acquire a well located 16 unit apartment in the highly desirably Van Nuys neighborhood. Built in 1976, this two-story building totals 8,022sf in size, and is comprised of (14) studio units and (2) 1 bedroom units, with Two units being delivered vacant, remodeled, and in rent ready condition. On a 13,200sf lot zoned R3, with 100' frontage offering tons of open space, 16 total parking spaces, and huge opportunity to add value or potential major development. Other notable features include a coin operated laundry room, rooftop access, secured access w/ intercom, and the entire property was recently painted. Great rental market and convenient location between Van Nuys & Burbank Airports, near Multiple Freeway Access, & Major Developments. ACTUAL 6% CAP / 9.4 GRM!
Details
| MLS # | OC26160592 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1976 |
| Days On Site | 26 |
| Listing Provided By | Nohco Real Estate | Brian Noh |
Features
| SQ Feet | 8,022 |
|---|---|
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Acreage | 0.30 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Granite Counters, Open Floorplan, Quartz Counters |
| Appliances | Gas Range, Range Hood, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
| Construction Materials | Stucco |
| Lot Features | Sixteen To Twenty Units Acre, Front Yard, Lawn, Landscaped |
| Fencing | Block |
Parking
| Parking Features | Assigned, Asphalt, Concrete, Gated |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks, Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $2,350,000 low | high Med: $564,250 sqft: 8,022 low | high Med: 1,390 $ / sqft: $293 low | high Med: $413 On site: 26 low | high Med: 86.5 | |
Market Activity 91405
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $2,350,000 low | high Med: $564,250 sqft: 8,022 low | high Med: 1,390 $ / sqft: $293 low | high Med: $413 On site: 26 low | high Med: 86.5 | |