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Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two parcel property with address of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals +/-12,241 square feet on a +/-14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,700,000 at a fixed 3.58% interest rate until June 1st, 2027. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.
Last Updated | 3/12/2025 | Tract | Not Applicable |
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Year Built | 1965 | Community | Van Nuys |
County | Los Angeles |
Additional Details
AIR | Wall/Window Unit(s) |
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AIR CONDITIONING | Yes |
AREA | Van Nuys |
GARAGE | Attached Carport |
HEAT | Wall Furnace |
HOA DUES | 0 |
LOT | 0.34 acre(s) |
LOT DESCRIPTION | Sprinklers None |
PARKING | Attached Carport |
POOL DESCRIPTION | None |
SUBDIVISION | Not Applicable |
VIEW DESCRIPTION | None |
Location
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