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GREAT OPPORTUNITY on this Pride of ownership 5 unit Condo Style Gated Apartment Building built in 1991. Located in the heart of Van Nuys near City Hall and walking distance to public transportation. 4 of the units are 2 bedrooms plus 1.5 baths. 1 unit is 3 bedrooms and 1.5 baths. Each tenant has 2 parking spaces with a remote controlled security gate. Minimum amount of tenants living in the building. There is a common laundry room. Machines are leased. This updated and well maintained building has a newer roof, newer hot water heater, newer sewer line and all newer building plumbing. Exterior was recently painted. Each unit has Central A/C & Heat. All unit's ductwork was recently cleaned. Some of the units have updated laminate flooring with granite countertops. Bedrooms are located upstairs with a full bath and downstairs is the living room with a dining area, kitchen and 1/2 bath. Lots of upside on this opportunity providing for a solid long term investment with immediate added value. Its prime location near public amenities, transportation and shopping adds to its desirability for tenants, ensuring consistent occupancy rates. With additional room for rental increases, this property presents a unique opportunity for investors seeking stable returns and long term appreciation.
Property Type(s):
Residential Income
| Last Updated | 12/10/2024 | Year Built | 1991 |
|---|---|---|---|
| Community | Van Nuys | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Free-Standing Range, Gas Cooktop, Gas Range, Gas Water Heater, Range Hood, Vented Exhaust Fan, Water Heater |
| AREA | Van Nuys |
| CONSTRUCTION | Stucco, Wood Siding |
| EXTERIOR | Lighting, Rain Gutters |
| GARAGE | Assigned, Concrete, Controlled Entrance, Driveway, Driveway Level, Gated, One Space, Private, Tandem, Uncovered |
| HEAT | Central, Forced Air |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up, Attic, Ceiling Fan(s), Stone Counters, Tile Counters, Unfurnished |
| LOT | 7453 sq ft |
| LOT DESCRIPTION | Front Yard, Garden, Landscaped, Lawn, Level, Near Public Transit, Rectangular Lot, Street Level, Yard |
| PARKING | Assigned,Controlled Entrance,Concrete,Driveway Level,Driveway,Gated,Private,One Space,Tandem,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer,Sewer On Bond,Sewer Tap Paid |
| STORIES | 2 |
| STYLE | Contemporary |
| UTILITIES | Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Rodeo Realty
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