$1,390,000
$1,450,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
7 Baths
4,600 SqFt
SOLD DATE : 07/28/2021
Key Details
Sold Price $1,390,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $302
MLS Listing ID 21741924
Sold Date 07/28/21
HOA Y/N No
Year Built 1974
Lot Size 6,368 Sqft
Acres 0.1462
Property Description
Corner Lot Offering 7 Large Single Units; Four (4) Units Have Been Completely Remodeled; One Unit Will Be Delivered Vacant; High in-place Rents; Possibility of Adding Another Unit (AUD); Current Cap Rate of 5.50% and Actual GRM of 12.2; Gated and Enclosed Parking in the Back; On-site Laundry Facilities - Owned; Located in Easy-to-Rent Van Nuys Rental Market. This asset is located on a gated and fenced corner lot with good curb appeal and offers high in-place rents, strong rental demand, and attractive financing. The potential of adding an ADU apartment to this property will make this a desirable Value-Add investment. Van Nuys offers a dense rental market with easy access to transportation hubs and employment, dining, shopping, and entertainment facilities of the area.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating WallFurnace
Cooling WallWindowUnits
Fireplace No
Exterior
Garage Gated
Parking Type Gated
Total Parking Spaces 8
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2235021050
Special Listing Condition Standard
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Bought with Carlo Honanian • Silver Spoon Properties
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CEO | DRE# SA695240000 | DRE# 02100184