$1,525,000
$1,565,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
7,502 Sqft Lot
SOLD DATE : 10/27/2023
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23200057
Sold Date 10/27/23
Bedrooms 7
HOA Y/N No
Lot Size 7,502 Sqft
Property Description
Sherman Oaks adjacent 6 unit building near Hazeltine Ave and Oxnard St. Excellent unit mix of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units, including 1 Section 8 tenant. One 2 bedroom / 1 bath unit to be delivered VACANT! Majority of the units have been updated with modern kitchens, bathrooms, and new flooring. Several capital improvements have also been made including the installation of new windows and upgrades to the building's electrical. Units are separately metered for gas and electric. Secured gated building and 6 carport parking in the back, which may be converted to one or more ADUs. With an upside in rents of over 74%, this building presents an amazing opportunity to invest in a value add building with high potential for appreciation. High-demand rental location in close proximity to the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), and with easy access to the 101 and 405 freeways.
Sherman Oaks adjacent 6 unit building near Hazeltine Ave and Oxnard St. Excellent unit mix of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units, including 1 Section 8 tenant. One 2 bedroom / 1 bath unit to be delivered VACANT! Majority of the units have been updated with modern kitchens, bathrooms, and new flooring. Several capital improvements have also been made including the installation of new windows and upgrades to the building's electrical. Units are separately metered for gas and electric. Secured gated building and 6 carport parking in the back, which may be converted to one or more ADUs. With an upside in rents of over 74%, this building presents an amazing opportunity to invest in a value add building with high potential for appreciation. High-demand rental location in close proximity to the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), and with easy access to the 101 and 405 freeways.
Location
State CA
County Los Angeles
Area Van Nuys (91401)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $2,100
Listing Terms Cash
Financing Cash
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Bought with Michelle Crochet • Keller Williams Realty World Media Center