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Donnie Bowen

[email protected] +1(949) 290-9754

$ 3,800,000

Est. payment | -/mo

0.3 Acres Lot

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$ 3,800,000

Est. payment | -/mo

Save

0.3 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26066937

HOA Y/N No

Year Built 1963

Lot Size 0.299 Acres

Property Sub-Type Mixed Use

Property Description

Presenting multifamily Investing opportunity located in Lake Balboa/Van Nuys Submarket, presents a well-maintained (14 units total includes on-site parking spaces some accessible from the rear alley, pride-of-ownership multifamily asset in one of the San Fernando Valley's most consistent rental markets. The property offers a strong combination of quality upkeep, and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 6- One Bedroom/1-Bath units 5 Two Bedroom/1 bath units and 3 spacious 3-Bedroom/2-Bath units, Each unit is equipped with wall A/Cs, enhancing tenant comfort and overall rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements includes new plastered Pool and new pool equipment in 2023 and new water heater in 2025, minimizing near-term maintenance costs for a new owner. The property also offers ample on-site parking and on-site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long-term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. the nearby Northridge Metrolink Station, while Van Nuys Airport is just a short drive away. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Carport Spaces 14

Pool Community

Community Features Sidewalks, Pool

Utilities Available Other

Total Parking Spaces 14

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2206013022

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Josephina Fajardo Del Sol Realty 818-203-4766, DRE #00913671

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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7524 Haskell Van Nuys, CA 91406