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Rare investment opportunity with huge upside in rents: Five individually parceled 3-Bed / 2.5-Bath Condominiums built in 1991, each with its own APN (2237-021-026, 2237-021-027, 2237-021-028, 2237-021-029, 2237-021-030) and featuring attached 2-car garages with direct access, private balconies, in-unit washer/dryer hookups, dishwashers, and central HVAC. Per ZIMAS, these units are not subject to RSO rent control and not subject to AB1482 (individually owned condos, not held by a corporation or trust). All units are individually metered for electric and gas and have their own water heaters. One unit has been fully remodeled, leaving four units primed for value-add cosmetic upgrades, creating excellent potential for strong cash flow, renovation upside, and multiple exit strategies.
Property Type(s):
Residential Income
| Last Updated | 7/25/2025 | Year Built | 1991 |
|---|---|---|---|
| Community | VN - Van Nuys | Garage Spaces | 5.0 |
| County | Los Angeles |
Price History
| Prior to Jul 25, '25 | $2,795,000 |
|---|---|
| Jul 25, '25 - Today | $2,650,000 |
Additional Details
| AREA | VN - Van Nuys |
|---|---|
| GARAGE | Yes |
| HEAT | Central |
| LOT | 7501 sq ft |
| PARKING | Attached Carport, Assigned, Garage, Garage Door Opener, Gated, Private |
| POOL DESCRIPTION | None |
| STORIES | 3 |
| WATER | Public |
Location
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Listed with LEAD Realty & Lending
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