Van Nuys CA Multi Family for Sale
$2,599,000
14752 Erwin Street Van Nuys, CA 91411
- Type:
- Apartment
- Sq.Ft.:
- 25,428
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.34 Acres
- Year built:
- 1948
- Baths:
- MLS#:
- SR24193307
ADDITIONAL INFORMATION
Attention Developers! This is a fantastic opportunity to acquire a double lot totaling 15,000 sq. ft. with approved plans to build a 24-unit complex in the heart of Van Nuys, on one of the most sought-after streets in the area. The approved plans feature a mix of 20 two-bedroom/two-bath units, 3 three-bedroom/two-bath units, and 1 one-bedroom/one-bath unit. Located in a prime area within walking distance of dining, entertainment, shopping, and public transportation, it is just minutes away from Sherman Oaks and Ventura Blvd. Don’t miss this incredible chance to bring this remarkable project to life!
$2,980,000
WOODMAN Ave Van Nuys, CA 91405
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- 100
- Lot size:
- 0.46 Acres
- Year built:
- 2024
- Baths:
- 100.00
- MLS#:
- 24-443865
ADDITIONAL INFORMATION
Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. **Unlimited Density**: A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. **49 Units**: A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. **RTI Ready**: The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
$2,980,000
6948 WOODMAN Avenue Van Nuys, CA 91405
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- 100
- Lot size:
- 0.46 Acres
- Year built:
- 2024
- Baths:
- 100.00
- MLS#:
- 24443865
ADDITIONAL INFORMATION
Consider the opportunity to develop a new nursery or residential project in Valley Glen, a prime area within Van Nuys, popular for both multifamily and office developments. This presents an outstanding investment opportunity for seasoned investors and developers. The lot, spanning 19,961 square feet, is zoned R3 (16,817.33 sq. ft.) and R1 (3,151.3 sq. ft.). There are three development options to explore:1. **Unlimited Density**: A request can be made for unlimited density if the project is 100% affordable housing for senior citizens (55+), potentially allowing for 100+ units with no parking requirements. 2. **49 Units**: A plan that includes 49 units, with 7 units designated for low- and moderate-income tenants. 3. **RTI Ready**: The property is already entitled and RTI ready, with plans for a luxury apartment complex featuring 23 units over 31,150 square feet, along with a 1,200-square-foot ADU. Each option provides a unique opportunity for significant returns in this sought-after location.
- Type:
- Triplex
- Sq.Ft.:
- 1,960
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1942
- Baths:
- MLS#:
- OC24198825
ADDITIONAL INFORMATION
14146 Friar Street is a triplex constructed in 1942. Situated in the city of Van Nuys, the property consists of (2) Two-Bedroom/One-Bath units and (1) Three-Bedroom/One-Bath unit. The triplex is located between Friar Street and Sylvan Street. With rents well below market rate and the potential to add an ADU in the freestanding garage at the rear of the property, 14146 Friar Street presents an incredible investment opportunity for a savvy owner.
$2,600,000
7407 Haskell Avenue Van Nuys, CA 91406
- Type:
- Cluster
- Sq.Ft.:
- 6,224
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.16 Acres
- Year built:
- 1986
- Baths:
- 12.00
- MLS#:
- 24441479
ADDITIONAL INFORMATION
This 8 unit property is located in Van Nuys near the corner of Sherman Way and the 405 freeway.Built in 1986, this building is exempt from the LA Rent Stabilization Ordinance (RSO) and has an attractive unit mix of all 2 bedroom units. Additionally, there is an assumable loan at 4.55% interest only fixed until July 2027. Priced at a 5.58% CAP, which includes the two vacant units with Section 8 rents, there is approximately 33% in rental upside.The sellers have fully remodeled all of the units with new paint, flooring, countertops, and appliances. In addition, they've replaced 2 of the 8 HVAC condensers, painted the exterior of the building, installed artificial grass in the front, and installed security cameras throughout the building.
$1,170,000
14210 Sylvan Street Van Nuys, CA 91401
- Type:
- Fourplex
- Sq.Ft.:
- 2,052
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- SR24193311
ADDITIONAL INFORMATION
#### Prime Investment Opportunity: 4-Unit Rental Property Discover this exceptional investment opportunity with a well-maintained 4-unit rental property. 1 unit will be delivered VACANT. Perfectly positioned in a desirable and convenient location, this property offers a steady income stream and significant long-term value. **PROPERTY HIGHLIGHTS ** - LOCATION: Situated in a vibrant, sought-after neighborhood with easy access to local amenities, public transportation, schools, shopping, and dining. - PARKING: Ample parking space available covered parking - HIGH DEMAND: Located in a high-demand rental market with low vacancy rates - INVESTMENT POTENTIAL: Don't miss this rare chance to acquire a solid income-producing property with tremendous upside potential. Ideal for seasoned investors looking to expand their portfolio or new investors seeking a turnkey opportunity. Invest in your future with this exceptional multi-family property – a true gem in the rental market!
$1,295,000
7011 Woodley Avenue Van Nuys, CA 91406
- Type:
- Cluster
- Sq.Ft.:
- 3,542
- Status:
- Active
- Beds:
- 10
- Lot size:
- 0.16 Acres
- Year built:
- 1954
- Baths:
- 6.00
- MLS#:
- 24439815
ADDITIONAL INFORMATION
Well maintained 6-unit building in Lake Balboa, one of the hottest neighborhoods in LA. Close to shopping, markets, less than 2 miles from Balboa Park. Fully rented, 5 of the units have laminate and ceramic tile floors.All the exterior facing windows have been replaced, roof completely replaced in 2019. Owner pays water/power for bldg., so the next owner can pay to have split meters for each unit thus greatly increasing the net income. Owner pays a service company to lease the washer/dryer. Each unit has wall AC unit, and wall gas heater. Four units are 1 bed 1 bath, 2 units are 3 bed 1 bath. Owners monthly expenses: $1000 water/power, $400 trash, $75 pest control, $100 gardening, $43 for laundry lease/ maintenance. Each unit has one assigned parking space. Plently of street parking. Across the street from the new and huge Vallarta super market/ tortilleria/ bakery.
$2,725,000
14243 Victory Boulevard Van Nuys, CA 91401
- Type:
- Cluster
- Sq.Ft.:
- 5,888
- Status:
- Active
- Beds:
- 15
- Lot size:
- 0.15 Acres
- Year built:
- 2022
- Baths:
- 14.00
- MLS#:
- 24437981
ADDITIONAL INFORMATION
14243 Victory is a 2022 construction, cash-flow stabilized apartment building that has everything an investor can ask for! The property is free of any rent control restrictions in the always strong San Fernando Valley rental market. The property has a total of 5 units (Four Units + ADU) that has an incredible unit mix consisting of: Two (4 bedroom + 4 bathroom) Townhomes, One (4 bedroom + 3 bathroom) Townhome, One (2 bedroom + 2 bathroom) unit and One spacious (1 bedroom + 1bathroom) apartment. Tenants pay for all utilities. Plenty of onsite parking.Aside from the amazing property highlights, the current loan is assumable at 3.25% fixed interest rate with two and a half years left on the term! Unheard of in today's climate of high rates! Located in one of the best pockets of Van Nuys, near city hall, the building is only a few minutes away from Sherman Oaks to the South. Please do not disturb tenants.
- Type:
- Duplex
- Sq.Ft.:
- 2,144
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- SR24173100
ADDITIONAL INFORMATION
Unlock the potential of this duplex ideally situated just adjacent to Sherman Oaks! With its prime location and versatile features, this property is a perfect candidate for a cosmetic fix and flip, long-term hold, potential ADU conversion, or even new construction! Each unit offers well-designed floor plans, including their own laundry room, plenty of parking (double car garage, a car port, and plenty of street parking). Seller is motivated. Buyers to cooperate with Sellers 1031 exchange at no cost to Buyer. ********* DO NOT DISTURB TENANTS**********
$1,700,000
5660 Kester Avenue Van Nuys, CA 91411
- Type:
- Cluster
- Sq.Ft.:
- 4,000
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.16 Acres
- Year built:
- 1951
- Baths:
- 5.00
- MLS#:
- 24432467
ADDITIONAL INFORMATION
This 5-unit apartment building is located in Sherman Oaks. Built in 1951 and located on a corner lot, there is an opportunity to build 2 ADU's increasing cash it's value and income. Additionally there is approximately 50% rental upside based on the current rent roll. The units are separately metered for gas and electricity.
$3,988,880
6830 Hazeltine Avenue Van Nuys, CA 91405
- Type:
- Townhouse
- Sq.Ft.:
- 10,422
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- MB24175955
ADDITIONAL INFORMATION
LIKE NO OTHER: Introducing this stunning 6-Unit modern contemporary 3 story townhouse style, 2024 NEW CONSTRUCTION with NO RENTROL, (lot size: 10,082 and the combined living Sq Ft 10,422 & 21 bedrooms/21 full size bathrooms & 5 powder rooms and 12 unrestricted parking spaces) located in the Van Nuys submarket of the San Fernando Valley. This Van Nuys neighborhood is experiencing incredible growth and an overflow from young professionals along with multi-generational families. The Developer has paid careful attention to all the details of the building to stand out from other new buildings. The subject property is in high-demand rental location near the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), commuters enjoy easy access to the 101 and 405 freeways, major public transportation (Metro Orange Line), and Hospitals (Valley Presbyterian). These units offer a great option for young professionals looking for an ideal co-living arrangement. Experience unparalleled luxury with upscale finishes and impeccable construction quality. Each unit is separately metered, ensuring the landlord incurs no utility expenses. Discover generously sized bedrooms with ample closet space and sleek, modern bathrooms. The open floor plans boast spacious living rooms, dining areas, and gourmet kitchens equipped with stainless steel appliances and quartz countertops and balconies. Enjoy the convenience of an in-unit laundry, central HVAC, and fully paid-off solar panels. This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a highly recommended investment option in the Van Nuys submarket. This area is one of the most densely populated areas within the Los Angeles City. Don't miss out on the opportunity to earn positive cash flow with annual rent increases, leverage new construction tax benefits, minimize maintenance costs, 1 Yr. fit and finish builder’s warranty. Make this the one and witness appreciation in one of the San Fernando Valley’s most historically robust markets. Call today, we welcome your 1031 exchange here!
- Type:
- Duplex
- Sq.Ft.:
- 1,584
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1940
- Baths:
- MLS#:
- SR24179013
ADDITIONAL INFORMATION
Looking for a little Hippy crash pad? Unique home with lots of charm will bring you back to the 40’s. Originally a 3-bedroom 2 bath home. The owner legally split the home in half to create a DUPLEX. The front unit is a 2 bedroom, 1 bath with a large living room and the rear unit is a 1 bedroom, 1 bath. Per tax assessor’s records 1,584 square feet on a 6,894 LARD-2 lot. 2 covered parking spaces and 2 open parking spaces with ample room for more. 2 storage sheds for the tenants. The property back to the orange bus line and is very quiet...
$1,750,000
14758 Victory Boulevard Van Nuys, CA 91411
- Type:
- Apartment
- Sq.Ft.:
- 5,789
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1964
- Baths:
- MLS#:
- SR24174399
ADDITIONAL INFORMATION
A eight-unit apartment building located at 14758 Victory Blvd. in Van Nuys, CA, built in 1965 and offers a living area of 5,789 square feet on a 6,506 square foot lot. The unit mix comprises 5 one-bedroom one bath, 1 two-bedroom one bath, and 2 two-bedroom two baths. Some units have been upgraded, and there is an on-site laundry facility. Additionally, there is storage space above the parking area, which creates an opportunity for additional income. UPSIDE POTENTIAL: There is over 23% upside potential in current rents. Additionally, there is an opportunity to construct an ADU and Jr. ADU. Upon completion, the property could achieve a 8.36% cap rate and a 8.87 gross rent multiplier (GRM). This presents a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to do its own investigation regarding the ADU ***
$4,800,000
6840 Kester Avenue Van Nuys, CA 91405
- Type:
- Cluster
- Sq.Ft.:
- 18,333
- Status:
- Active
- Beds:
- 41
- Lot size:
- 0.54 Acres
- Year built:
- 1961
- Baths:
- 26.00
- MLS#:
- 24428723
ADDITIONAL INFORMATION
This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. Centrally located in the San Fernando Valley, this complex has almost immediate access to the 101, 405, 170, and 118 freeways, as well as an abundance of public transportation, including a new line currently in construction: the East San Fernando Valley Light Rail Transit project, that will feature 11 stops from Van Nuys to Pacoima. This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed. This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.
$1,950,000
6914 Woodley Avenue Van Nuys, CA 91406
- Type:
- Cluster
- Sq.Ft.:
- 6,502
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.16 Acres
- Year built:
- 1964
- Baths:
- 12.00
- MLS#:
- 24427605
ADDITIONAL INFORMATION
We are proud to present a once in a generation opportunity to acquire two trophy investments in the San Fernando Valley. 6914 Woodley Avenue and 6955-61 Fulton Avenue are large beautifully maintained investment properties with capturable rental upside. 6914 Woodley Ave is an 8-unit apartment building in the city of Van Nuys, with a unit mix of four (4) one-bedroom one-bathroom units and four (4) two-bedroom two-bathroom units. 6955-61 Fulton Avenue is a 12-unit apartment building in the city of North Hollywood, with a unit mix of four (4) one-bedroom one-bathroom units and eight (8) two-bedroom one-bathroom units. The Valley portfolio gives an investor the ability to capture all that the San Fernando Valley has to offer, and provides tenants of these properties walkable access to shops, nightlife, employment opportunities and more. Please note these buildings can be sold together or separately.
- Type:
- Cluster
- Sq.Ft.:
- 1,248
- Status:
- Active
- Beds:
- 2
- Lot size:
- 0.15 Acres
- Year built:
- 1938
- Baths:
- 2.00
- MLS#:
- 24424425
ADDITIONAL INFORMATION
Great investment opportunity to add on or develop this 2 separate houses on one lot with a footprint of 6,707 Sq.Ft of space in prime Van Nuys. Two car garage. This Duplex is centrally located within close distance to Downtown Van Nuys and the court house. Close to shopping, buses, Metro Station with effortless commute to DTLA and beyond, Also just a few minutes away from the 101 and 405 freeways. Don't miss this unique opportunity to own this income property.
$1,600,000
14739 Delano Street Van Nuys, CA 91411
- Type:
- Cluster
- Sq.Ft.:
- 6,908
- Status:
- Active
- Beds:
- 13
- Lot size:
- 0.17 Acres
- Year built:
- 1963
- Baths:
- 8.00
- MLS#:
- 24418407
ADDITIONAL INFORMATION
Take advantage of this unique opportunity to acquire two prime properties with a preference for a bundled sale at 5.2% cap rate with 50% upside: 7543 Chimeneas Avenue and 14739 Delano Street. Discover the potential of 14739 Delano Street, a remarkable multifamily asset nestled in the vibrant heart of Van Nuys. This property, spanning 6,908 square feet, stands on a 7,503 square foot lot and comprises 11 bedrooms and eight bathrooms in total, making it a substantial income-generating asset? With a rich tenant history, the property has been a choice residence for long-term tenants who value the stability and convenience it offers. The strong foundation of consistent, on-time rent payments highlights the reliability of this investment. With a notable gross rent of $11,000 per month and a potential escalation to a market rent of up to $21,000, this property promises a robust income stream and a horizon of revenue growth. The unit mix is thoughtfully designed to cater to diverse tenant preferences, featuring five comfortable two-bedroom units and three inviting one-bedroom units, ensuring a steady occupancy rate. Ideally positioned, the complex offers its residents effortless access to transportation, shopping, and dining venues. The proximity to the Van Nuys Village shopping center enriches the living experience, providing a plethora of retail outlets, eateries, and services. The highly reputed Van Nuys Unified School District is a stone's throw away, making it an attractive choice for families. The upcoming East San Fernando Valley Light Rail line, with a planned station nearby, is set to enhance transportation options, offering convenient connections to Pacoima, San Fernando/Sylmar, and the G Line (orange) and B Line (red). Don't miss this fantastic investment opportunity. Contact us today to schedule a showing and discover the endless possibilities that await.
- Type:
- Cluster
- Sq.Ft.:
- 1,709
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.15 Acres
- Year built:
- 1948
- Baths:
- 2.00
- MLS#:
- 24417633
ADDITIONAL INFORMATION
Step into a world of possibility with this stunning 4-bedroom, 2-bathroom duplex located in the sought-after Lake Balboa neighborhood of Los Angeles. Whether you are an astute investor looking for an income-generating property or an owner-user seeking to offset mortgage costs, this duplex presents an incredible opportunity. As you approach the property, you'll be greeted by meticulously maintained landscaping, featuring beautiful mature trees and plants that create a serene and inviting atmosphere. The front unit, currently tenant-occupied, boasts two bedrooms and one bathroom, offering a comfortable and inviting living space. The second unit, also featuring two bedrooms and one bathroom, has been recently renovated floors, and fresh paint, creating a modern and stylish aesthetic. The duplex's central location offers easy access to the Van Nuys and Burbank airports, Lake Balboa Park, picturesque biking trails, a selection of public golf courses, and plentiful dining and shopping experiences. Embrace the potential of this property and discover the endless opportunities it presents for both investors and owner-users alike.
$7,850,000
7507 Woodman Avenue Van Nuys, CA 91405
- Type:
- Cluster
- Sq.Ft.:
- 21,159
- Status:
- Active
- Beds:
- 50
- Lot size:
- 0.72 Acres
- Year built:
- 1986
- Baths:
- 34.00
- MLS#:
- 24418991
ADDITIONAL INFORMATION
We are pleased to present 7507 Woodman Ave, Van Nuys, where opportunity meets potential in this 34-unit apartment building.Built in 1986, this property is not subject to LA City Rent Control (Only Subject to CA State Rent Control AB 1482).Situated amidst a bustling neighborhood, this property offers a unique investment prospect for savvy buyers looking to capitalize onuntapped potential. With a strategic renovation and management plan, there is ample opportunity to enhance both the aesthetic appealand functionality of each unit, thereby increasing rental income and overall property value.The dense location offers convenient access to major transportation arteries and essential amenities, ensuring residents have easyconnections to employment centers, shopping, and dining options.The building itself features a mix of unit sizes, including 22 two bedroom, 6 one bed room, and 6 studio apartments accommodating arange of tenant needs. Amenities such as gated parking and on-site laundry facilities are in place, providing a foundation upon which tobuild additional value for residents.
$1,499,000
6134 Hazeltine Avenue Van Nuys, CA 91401
- Type:
- Mixed Use
- Sq.Ft.:
- 5,069
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.16 Acres
- Year built:
- 1961
- Baths:
- MLS#:
- SR24150160
ADDITIONAL INFORMATION
Location Location! Great 6 unit building with pride of ownership. 2 2 bedroom units with their own garage and 4 1 bedroom units with cover parking. It is well maintained, has newer roof, and updated plumbing, automatic gate, private parking, laundry room, each apartment has an spacious living space, 6 electrical meters, 1 gas meter for laundry area, Secured gated building and 4 carport parking in the back, which may be converted to more units. The building is full tenant occupied and all tenants are current. Drive by and submit your offer today!
$1,399,995
14810 Sylvan Street Van Nuys, CA 91411
- Type:
- Cluster
- Sq.Ft.:
- 3,576
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.2 Acres
- Year built:
- 1950
- Baths:
- 6.00
- MLS#:
- 24414925
ADDITIONAL INFORMATION
6 Units on a large R3 lot with great upside potentials. Central and desired location in the city of Van Nuys with lots of potential. Conveniently located near The Court and other government buildings in the heart of the city of Van Nuys with close access to the 405, 101, and 170 freeways. Located just 2.3 miles from the Van Nuys Metrolink Station, which allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for electricity, gas, and trash.
$2,995,000
5846 Woodman Avenue Van Nuys, CA 91401
- Type:
- Cluster
- Sq.Ft.:
- 9,876
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.3 Acres
- Year built:
- 1952
- Baths:
- 10.00
- MLS#:
- 24413159
ADDITIONAL INFORMATION
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7.05% Cap Rate/10.52 GRM with 96% upside in rents! Three (3) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7.05% with a Pro-forma cap rate of 15.90%/5.38 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.
$1,199,900
6643 Kester Avenue Van Nuys, CA 91405
- Type:
- Triplex
- Sq.Ft.:
- 2,162
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- SR24120036
ADDITIONAL INFORMATION
Value investment opportunity in the heart of Van Nuys and SVF. This triplex features two 2-bed/1 bath and one 1 bed/1 bath unit mix. All units are furnished at this time and set up for either mid-term or long-term tenancy (see Inclusions for more details). The back 2-bedroom has a fenced-in private patio with an orange tree and direct access to one of the garages. It has the vibe of an exclusive ADU residence. All units were updated in various degrees with laminate flooring, tiled bathroom with pedestal sink, windows, and HVAC system. The front 2-bedroom also has the kitchen remodeled with the replacement of cabinets, stainless steel sink and corian countertops. The roof is newly replaced in January 2024. There is a 3-car detached garage building in the back facing the alley with a laundry room set up for two sets of washer and dryer as well as a covered carport. This is an amazing investment addition to your real estate portfolio or seeking a home to live in with additional income to offset the mortgage payment.
$1,400,000
14248 Gilmore Street Van Nuys, CA 91401
- Type:
- Cluster
- Sq.Ft.:
- 4,931
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.17 Acres
- Year built:
- 1960
- Baths:
- 7.00
- MLS#:
- 24407107
ADDITIONAL INFORMATION
We are pleased to present 14248 Gilmore St, a 2-story, 7-unit, true value-add multi-family investment opportunity with approximately 66%+ rental upside potential, located in the highly desirable Van Nuys submarket of Los Angeles, just east of Van Nuys Boulevard and north of Victory Boulevard. Built in 1960, the building is comprised of 1 (2+1), 5 (1+1), and 1 single units that average approximately 704 gross square feet. The 4,931 square foot structure is situated on a 7,500 square foot, LA[Q]RD1.5-1 zoned lot that includes 11 parking spaces. The property features spacious units with lots of natural light. Select units boast new flooring, fresh paint, wall AC units in living rooms, large mirrored closets in bedrooms, updated kitchens with new stoves, and dining areas are adjacent to the kitchens. The building is separately metered for gas & electric and provides tenants with assigned parking, on-site laundry, and included water and trash services. With a great WalkScore of 85, the property's central Van Nuys location offers residents easy access to countless shopping, dining, public parks, and recreation options in Van Nuys, Sherman Oaks, Lake Balboa, and Panorama City. The Sepulveda Recreation Area, which is home to Balboa Golf Course, Sepulveda Sports Complex, The Japanese Garden, and Lake Balboa, is 1.8 miles to the west. The 405 Freeway is 1.7 miles to the west of the property, and the 101 Freeway is 2.3 miles to the south. The 170 Freeway is only 2.4 miles to the east, the 5 Freeway 5.6 miles to the northeast, and the 118 Freeway can be accessed 7.2 miles to the north. The Metro G Line (Orange) Busway, which runs almost the length of the entire San Fernando Valley and connects to the Metro Red Line to Downtown Los Angeles, can be accessed at the Van Nuys Metro G Line (Orange) Station, only 0.7 miles to the south. The East San Fernando Valley Light Rail Transit Project, currently under development, will significantly enhance the connectivity and transportation options for residents. This 9.2-mile light rail project will improve connections and access to key destinations while reducing congestion and fostering economic growth along the route.14248 Gilmore St is well-positioned for a skilled value-add investor, with the building's front garages presenting a prime ADU conversion opportunity, and a higher-end renovation program would optimize market rents, appreciation, and future returns. The property's premium location near transportation, grocery stores, restaurants, and shops makes it an attractive investment in the vibrant Van Nuys neighborhood submarket.
$1,290,000
6729 Fulton Avenue Van Nuys, CA 91401
- Type:
- Cluster
- Sq.Ft.:
- 4,416
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.13 Acres
- Year built:
- 1954
- Baths:
- 6.00
- MLS#:
- 24406358
ADDITIONAL INFORMATION
Fantastic 6-unit value add investment property located in Van Nuys. The mid-century apartment complex, built in 1954, offers a total of 4,416 square feet of living space, with each unit boasting 736 square feet on average. The building features a strong unit mix, of (2) spacious 2-bedroom/1-bath units and (4) 1-bed / 1-bath units. Several of the units have received interior upgrades over the years, including new shower tiling and enclosures. The building has received significant capital improvements including the installation of copper plumbing in certain areas, new exterior paint, a newly landscaped and luscious shared fruit/food garden, and approximately 75% new windows. The roof was also fully replaced in June 2023. Additionally, there is a separate parking space and storage unit for each apartment at the rear of the building. There's also a laundry room that is currently being used as an owner storage area, but can easily be converted back to a laundry facility for additional income. 6729 Fulton Ave is fully occupied and offers over 60% upside on the current rents!
Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of {{last updated}}. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Van Nuys Real Estate
The median home value in Van Nuys, CA is $705,000. The national median home value is $219,700. The average price of homes sold in Van Nuys, CA is $705,000. Van Nuys real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Van Nuys real estate agent to arrange a tour today!
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