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$ 1,750,000
Est. payment | /mo
4,000 SqFt
$ 1,750,000
Est. payment | /mo
4,000 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $437
MLS Listing ID CL26660485
HOA Y/N No
Year Built 1951
Lot Size 7,159 Sqft
Acres 0.1643
Property Sub-Type Comm Ind For Sale
Property Description
Well-located 5-unit multifamily property in the heart of Van Nuys, offering a strong value-add opportunity. The two-story, low-rise building spans approximately 4,000 SF on a 0.16-acre lot and is currently operating at ~80% occupancy. Built in 1951, this Class C asset features spacious units with functional layouts and steady rental demand. Zoned LARD1.5, the property presents potential for future upside through improved management, lease-up, or renovation. Ideal for investors seeking income with room to grow in a centrally located rental market.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Total Parking Spaces 5
Building
New Construction No
Others
Tax ID 2244014023
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Listed by Roger Perry • Rodeo Realty
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AnnMarie Barajas
Partner | Lic# DRE# 01898810