Description
An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.
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14BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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6,500SQFT
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$331$/SQFT
School Ratings & Info
Description
An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.