$4,336,500
$4,550,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
19 Baths
12,207 SqFt
SOLD DATE : 06/23/2023
Key Details
Sold Price $4,336,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,207 sqft
Price per Sqft $355
MLS Listing ID 23246965
Sold Date 06/23/23
Bedrooms 12
HOA Y/N No
Year Built 1985
Lot Size 0.383 Acres
Lot Dimensions Assessor
Property Description
We are pleased to present a seventeen-unitmultifamily property located in a desirable Lake Balboa/ VanNuys location. Built in 1985, the property is not subject to LA CityRent Control (Still Subject to CA Rent Control AB1482). There is anice unit mix of two-Studios, thirteen one-bedroom/onebathroomunits and two two-bedroom/two-bathroomunits.Located on Vanowen Street, the property provides residents acentral location for easy access to much of the San FernandoValley. The Van Nuys Golf Course, Sepulveda Basin RecreationCenter, and the Van Nuys Airport are some of the notabledestinations nearby.In addition to the desirable location, the property offersresidents central AC & heat, gated entry, central courtyard,covered and open gated parking, and an on-site laundry facility.This opportunity is ideal for an investor looking for a Non LA CityRent Controlled asset in a dense rental market.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 19
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2233031045
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "