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David Kaufman
David Ballin Kaufman
310-877-8600
This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard
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Total Bedrooms : 50
Total Baths: 50
Full Baths: 0
Half Baths: 0
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1964
Building Area Total: 26,760
Community,In Ground
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.6796
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 29604
Original List Price: 6,500,000
Listing Contract Date: 2024-01-23
Listing Agreement: Seller Reserved
Parcel Number: 2221021018
Garage Description: Gated
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood:
Directions: North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
Zoning: LAR3
Source Property Type: Residential Income
Property Age: 60
Year Built Source: Vendor Enhanced
Total Square Feet Living: 26760
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
15015 Sherman Way #103, Van Nuys, CA,91405 | $469,999 | 2 | 3 | 1,128 | 15574 Sqft |
14435 Valerio Street #10, Van Nuys, CA,91405 | $600,000 | 3 | 2 | 1,636 | 26967 Sqft |
14525 Vose Street, Van Nuys, CA,91405 | $1,795,000 | 6 | -- | 4,043 | 6755 Sqft |
6958 Woodman Avenue, Van Nuys, CA,91405 | $8,100,000 | 38 | -- | 22,211 | 18799 Sqft |
13926 Sherman Way, Van Nuys, CA,91405 | $1,279,000 | 6 | 4 | 2,767 | 6764 Sqft |
7013 Cantaloupe Avenue, Van Nuys, CA,91405 | $999,999 | 3 | 2 | 1,768 | 6302 Sqft |
6742 Sylmar Avenue, Van Nuys, CA,91405 | $1,399,999 | 6 | 4 | 2,384 | 7503 Sqft |
7112 Murietta Avenue, Van Nuys, CA,91405 | $1,199,999 | 5 | 3 | 2,669 | 7690 Sqft |
13903 Sherman Way #14, Van Nuys, CA,91405 | $449,900 | 2 | 1 | 913 | 11362 Sqft |
7301 Lennox Avenue #B8, Van Nuys, CA,91405 | $420,000 | 2 | 2 | 1,062 | 166072 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 17:44
MLS: 24350843
LISTED BY: David Kaufman, David Ballin Kaufman
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.