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This 8 unit property is located in Van Nuys near the corner of Sherman Way and the 405 freeway.Built in 1986, this building is exempt from the LA Rent Stabilization Ordinance (RSO) and has an attractive unit mix of all 2 bedroom units. Additionally, there is an assumable loan at 4.55% interest only fixed until July 2027. Priced at a 5.58% CAP, which includes the two vacant units with Section 8 rents, there is approximately 33% in rental upside.The sellers have fully remodeled all of the units with new paint, flooring, countertops, and appliances. In addition, they've replaced 2 of the 8 HVAC condensers, painted the exterior of the building, installed artificial grass in the front, and installed security cameras throughout the building.
Property Type(s):
Residential Income
| Last Updated | 9/18/2024 | Year Built | 1986 |
|---|---|---|---|
| Community | Lake Balboa | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Refrigerator |
|---|---|
| AREA | Lake Balboa |
| FIREPLACE | Yes |
| GARAGE | Assigned, Covered, Yes |
| HEAT | Central, Fireplace(s) |
| LOT | 6762 sq ft |
| LOT DESCRIPTION | Landscaped |
| LOT DIMENSIONS | 50x136 |
| PARKING | Assigned,Covered |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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