Amazing Investment Opportunity and Prime Van Nuys, CA Location. Six Units, All units are tenant occupied. Located 14847 Erwin St, Van Nuys, CA, year built 1956. This building features: 4,274 of living area with 8,109 square feet lot. Subject property is subject to LA City Rent Control. Excellent unit is mixed: Three units are 1 bedroom one bathroom and three units are two bedrooms, one bathrooms, total of 9 bedrooms and 6 bathrooms. Some units have been recently upgraded. On site Common laundry facility. There is over 23%+ (approximately) upside potential in current rents. Tons of potentials Parking space for each unit, centrally located.1 / 10MapRealist 2.0Assessor MapRealtor Property Resource# OF UNITS TOTAL: 10SQFT(src): 1PRICE PER SQFT: LOT(src): 8,112/0.1862 (A)LEVELS: TwoYEAR BLT(src): 1956 (ASR)DOM / CDOM: 0/0SLC: StandardTOTAL OP. EXP: $13,402.00NET OP. INCOME: $59,598PARCEL #: 2241009016LISTING ID: SR24214456Glide OfferDESCRIPTIONAmazing Investment Opportunity and Prime Van Nuys Location. Six Units, All units are tenant occupied. Located 14847 Erwin St, Van Nuys, CA, built 1956. This unit features: 4,274 of living area with 8,109 square feet lot. Subject property is subject to LA City Rent Control. Excellent unit is mixed: Three units are 1 bedroom one bathroom and three units are two bedrooms one bathroom, total of 9 bedroom and 6 bathrooms. Some units have been upgraded. On site Common laundry facility. There is over 23% upside potential in current rents. Tons of potentials Parking space for each unit, centrally located.
Discover an extraordinary investment opportunity in the heart of Sherman Oaks! This 10-unit apartment complex, nestled just half a block from the vibrant shopping and dining scene on Magnolia Boulevard, offers a blend of luxury and convenience. With spacious, townhouse-style units provide a comfortable living experience for tenants. This desirable rental area is located in one of Sherman Oaks’ most sought-after rental neighborhoods, this property boasts a consistently low vacancy ratio. Offering tenant comfort as residents enjoy air conditioning, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the property’s value. On-site tuck-under parking and shared laundry facilities add convenience and gated property. A true hidden gem tucked behind gates, this building offers a sense of exclusivity in a coveted neighborhood. Investment potential: With over 43.67% potential upside in rent, this property presents a compelling reposition opportunity. Don’t miss out on this chance to invest in a thriving area with strong income potential.
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!
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**********
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.
CALL LISTING AGENT FOR MARKETING PACKAGE! Keller Williams is pleased to present an eight-unit apartment building at 14758 Victory Blvd. in Van Nuys. Built in 1965, this property offers 5,789 square feet of living space on a 6,506-square-foot lot. The unit mix includes 5 (1 +1) , 1 (2+1) , 2 (2+2). Several units have been upgraded, and there is an on-site laundry facility. Additionally, storage space above the parking area creates an opportunity for added income. Upside Potential: Current rents have over 23% upside potential. Additionally, there is the potential to add ADU's, which could yield a cap rate of 7.78% and a GRM of 8.81 upon completion. This is a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to verify all ADU details independently. ***Seller carry financing may be available. Inquire from agent. *** Located in Van Nuys, this property benefits from close proximity to local amenities, schools, parks, and major transportation routes, making it an appealing choice for both renters and investors. Whether you're expanding your investment portfolio or seeking a stable income-generating property, 14758 Victory Blvd. offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don’t miss out on owning a valuable piece of Van Nuys real estate. Schedule your private showing to explore the potential of this impressive apartment building.
Welcome to a premier investment opportunity in Sherman Oaks! This attractive four-unit apartment building offers remarkable value for investors. Nestled in the sought-after Sherman Oaks area, the property features a blend of one and two-bedroom apartments. Zoned R3, it includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, alongside three generously-sized one-bedroom, one-bathroom units.Recent capital improvements ensure the building's excellent condition, with updates such as new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and artificial turf. Units 1 and 3 have been extensively renovated, featuring new laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully renovated bathrooms with new tile, fixtures, and cabinets.Building amenities include common area laundry facilities, individually metered gas and electricity, secured entry, a combination of gated and garage parking, and additional onsite guest parking.Situated in a vibrant Sherman Oaks neighborhood, this property is close to excellent shopping, fine dining, and entertainment options. Its ideal location offers easy access to the 101 and 405 Freeways, enhancing connectivity to surrounding areas. Outdoor enthusiasts will enjoy the nearby parks, including Lake Balboa Park, which will be a venue for the 2028 LA Olympics.The consistently high demand for one-bedroom units ensures stable rental income, making this property a reliable and profitable investment. With its excellent location and appealing neighborhood, this turn-key asset provides a rare opportunity in one of LA's most dynamic and stable markets, ideal for investors seeking long-term wealth preservation and consistent returns.
NEW CONSTRUCTION AND NO RENT CONTROLLED 6-unit located in the "The Heart of the Valley" VAN NUYS. Close to the 405 freeway, Westfield Fashion Square, restaurants and much more. This property is made up of three separate 3-story buildings. The front two units are each 4 bedrooms, 5 bathrooms, the middle two units are 4 bedrooms, 4 bathrooms each and the rear two units are 3 bedrooms, 4 bathrooms each. Property also has 10 parking spaces within the gated property. The location and modern look of the property makes it easy to rent. 6 all separate water, gas and electrical meters make it perfect for any investor looking to add to their property profile. PAID OFF SOLAR PANELS make it ideal to minimize the electricity bill. Little to no maintenance for years to come make it perfect for any investor.
Presenting an unparalleled investment opportunity to acquire two prime multifamily properties in the heart of the San Fernando Valley: 14739 Delano Street, Van Nuys, and 7543 Chimeneas Avenue, Reseda. Offered together for $2.75M (14739 Delano Street available separately for $1.75M), these properties provide substantial income potential.14739 Delano Street spans 6,908 sq. ft. on a 7,503 sq. ft. lot, featuring 11 bedrooms and 8 bathrooms with a current gross rent of $12,800/month and a GRM of 11.3, promising future rental growth. The property's attractive unit mix of five two-bedroom units and three one-bedroom units ensures strong tenant retention. Its strategic location near Van Nuys Village shopping, dining, and the upcoming East San Fernando Valley Light Rail line adds unmatched convenience and appeal.7543 Chimeneas Avenue, nestled in a peaceful cul-de-sac in Reseda, offers two legal units with potential for versatile use---live in one, rent the other, or lease both. The front unit is currently renting for $2,600/month, and the back unit is renting for $1,800/month. The main house includes central A/C, an enclosed porch, and a two-car detached garage with ADU potential. The secondary unit features two bedrooms, one bathroom, a private backyard, and a spacious porch. Located close to schools, local dining, and major transit routes, this property complements the Delano asset to create a well-rounded, high-potential investment package.
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.
B O M. Wonderful Investment opportunity! Centrally located in the heart of Van Nuys , close proximity to Civic buildings , Sepulveda basin recreation center/golf course, and Restaurants with easy access to 405 Fwy. Each unit has its own covered and gated parking space and there is parking on residential street. Complex has a storage unit as well as a gated front yard space. Now's your chance to snatch this one up. Please do not disturb occupants. This is a probate but NOT COURT CONFIRMATION IS NEEDED
The median home value in Van Nuys, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Van Nuys, CA is $912,500. Approximately 33.96% of Van Nuys homes are owned, compared to 58.13% rented, while 7.92% are vacant. 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!
Van Nuys 91411 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.