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$ 3,900,000
Est. payment | /mo
8,712 Sqft Lot
$ 3,900,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26773805
HOA Y/N No
Year Built 2007
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Other
Property Description
14764 Sylvan Street presents the opportunity to acquire an eight-unit apartment building in Van Nuys featuring spacious two-bedroom, 2.5-bathroom townhome-style units with strong in-place income and additional rental upside. Built in 2007, the property is significantly newer than much of the surrounding multifamily inventory and offers approximately 1,240 to 1,410 square feet per unit, with an average unit size of approximately 1,294 square feet. Current monthly rents total approximately $23,950 compared to $25,870 at market, representing approximately $1,920 in additional monthly rental income potential. Each of the eight units has an individual APN, creating the potential for a future condominium conversion and individual unit sell-off strategy, subject to applicable documentation and approvals. Located in the heart of the San Fernando Valley, the property provides convenient access to major employment centers, freeways, public transportation, shopping, dining, and surrounding Los Angeles communities.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
New Construction No
Others
Tax ID UNAVAILABLE
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Listed by Daniel Withers • Matthews Real Estate Investment Services
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AnnMarie Barajas
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