$1,662,500
$1,695,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8 Baths
6,435 SqFt
SOLD DATE : 01/19/2024
Key Details
Sold Price $1,662,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,435 sqft
Price per Sqft $258
MLS Listing ID 23327021
Sold Date 01/19/24
Bedrooms 12
HOA Y/N No
Year Built 1954
Lot Size 10,663 Sqft
Property Description
Well maintained 8 unit apartment building centrally located in Van Nuys. New roof installed in 2017. Assumable financing at 3.67% interest only for 3.5 more years until 2027. Great unit mix of (4) two bedrooms and (4) one bedroom units. Value-add opportunity with approx. 30% upside in rents. Select units have been renovated with updated kitchens, bathrooms, windows, and floors. Strong cash on cash return day one. Fully parked with a secured parking lot (no retrofit needed). Contact listing agent for offering memorandum.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Assigned
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2220017019
Special Listing Condition Standard
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Bought with Dominick Faraone • Miller & Desatnik Realty Co.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "