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$3,000,000
Est. payment /mo
1 Bed
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SR25201310
Bedrooms 1
Lot Size 0.415 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
An exceptional 20-unit multifamily investment opportunity in the desirable Van Nuys area, featuring 8 one-bedroom/one-bath apartments and 12 single units. With strong local rental demand, the property offers tremendous upside potential for investors seeking long-term growth. Residents benefit from on-site parking, secure gated entry, laundry facilities, and a swimming pool, ensuring convenience and enhancing tenant appeal. Each unit is individually metered for gas and electricity, providing efficient and cost-effective management. The building has been well maintained with recent upgrades, including new exterior paint and plaster in 2024, reducing future maintenance concerns. Ideally located near the I-405 Freeway, Van Nuys Airport, the DMV, shopping, dining, and public transit, the property delivers excellent accessibility to major employment and lifestyle hubs across Los Angeles.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Sherman Way and East of Woodman Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Below Ground, Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2328008014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Angela Parekh Pinnacle Estate Properties
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