$1,450,000
$1,498,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
0.25 Acres Lot
SOLD DATE : 09/01/2023
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23125657
Sold Date 09/01/23
Bedrooms 2
HOA Y/N No
Lot Size 0.253 Acres
Property Description
A rare opportunity in the heart of Van Nuys awaits! This quadruplex property offers 2,500 rentable square feet on a generous 11,000 square foot lot. With potential to add an ADU plus plans already in place, this is an incredible investment with outstanding growth potential. Three of the units have been fully remodeled and now feature modern convenience with washer and dryer included - making it easier than ever to attract quality tenants. The cap rate sits at 5.1 and GRM at 14.7 - don't miss out on this fantastic opportunity in a booming rental market!
A rare opportunity in the heart of Van Nuys awaits! This quadruplex property offers 2,500 rentable square feet on a generous 11,000 square foot lot. With potential to add an ADU plus plans already in place, this is an incredible investment with outstanding growth potential. Three of the units have been fully remodeled and now feature modern convenience with washer and dryer included - making it easier than ever to attract quality tenants. The cap rate sits at 5.1 and GRM at 14.7 - don't miss out on this fantastic opportunity in a booming rental market!
Location
State CA
County Los Angeles
Area Van Nuys (91405)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Exterior Feature Brick, Stucco
Parking Features Unit1:Assigned
Building
Lot Description Sidewalks
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $47
Acceptable Financing Conventional
Space Rent $6,600
Listing Terms Conventional
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Carlo Honanian • Silver Spoon Properties