Description
An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.
School Ratings & Info
Description
An eight (8)unit apartment building located in the dense rental submarket of Van Nuys. Resting on a 7,499 +/- square foot lot, the Property features a highly desirable unit mix of one (1) studio, six (6) 2 bed and 1 bath units, and (1) 2 bed and 2 bath unit. The Property features 100%copper plumbing, on-site parking, on-site coin operated laundry, and approved plans and paid permits to complete the soft story retrofit. This opportunity also offers an investor 20% +/- of rental upside. The enclosed garage will be delivered vacant and is not assigned to any tenant, there is potential to convert to a Junior ADU. Six units have laminate flooring, and none of the kitchens and bathrooms have been updated. One of the sellers is a general contractor and has estimated roughly $70,000 to complete the soft story retrofit.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T20:35:37.52. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.