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Listed by Brian Noh, DRE #01438155 • Nohco Real Estate
$ 2,350,000
Est. payment | /mo
0.3 Acres Lot
$ 2,350,000
Est. payment | /mo
0.3 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26160592
Year Built 1976
Lot Size 0.304 Acres
Source California Regional MLS
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
Area Vn - Van Nuys
Rooms
Kitchen Hood Over Range, Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Gas Hookup, In Laundry Room, 30
Exterior
Parking Features Assigned Spaces, Gate / Door Opener, Other
Garage Spaces 16.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Water Hot Water, District - Public
Others
Tax ID 2218003030
Special Listing Condition Not Applicable
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