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$2,350,000
Est. payment /mo
1 Bed
3 Baths
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26160592
Bedrooms 1
Lot Size 0.304 Acres
Property Sub-Type Res Income 2-4 Units
Property 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!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off 405 fwy, exit Sherman Way, head east, north on Van Nuys Blvd, Left on Saticoy St.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2218003030
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Brian Noh, DRE#01438155 Nohco Real Estate
Nearby School & Business
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