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$2,985,000
Est. payment /mo
0.31 Acres Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26066348
HOA Y/N No
Year Built 1971
Lot Size 0.309 Acres
Property Sub-Type Apartment
Property Description
The property consists of 17 units with approximately 13,122 square feet of improvements situated on a 13,499 square foot lot, originally built in 1971. Per ownership, the property has completed retrofitting and has been recently painted, creating a strong foundation for a value-add investment strategy.
Located on a quiet, tree-lined residential street just blocks from Van Nuys Boulevard, the property benefits from close proximity to major transportation corridors, public transit, shopping, and civic amenities throughout central Van Nuys. The current unit mix includes
• 11 one-bedroom units
• 6 two-bedroom, two-bath units
The six larger units were created by combining pairs of one-bedroom units, and the secondary kitchens remain in
place, currently used as storage or additional sleeping areas. Based on the current configuration, there may be potential
for a future owner to re-separate these units and explore additional unit creation, along with possible ADU opportunities,
offering meaningful long-term upside.
Located on a quiet, tree-lined residential street just blocks from Van Nuys Boulevard, the property benefits from close proximity to major transportation corridors, public transit, shopping, and civic amenities throughout central Van Nuys. The current unit mix includes
• 11 one-bedroom units
• 6 two-bedroom, two-bath units
The six larger units were created by combining pairs of one-bedroom units, and the secondary kitchens remain in
place, currently used as storage or additional sleeping areas. Based on the current configuration, there may be potential
for a future owner to re-separate these units and explore additional unit creation, along with possible ADU opportunities,
offering meaningful long-term upside.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, One Space
Garage Spaces 23.0
Garage Description 23.0
Pool None
Community Features Curbs
Total Parking Spaces 23
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2219026062
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Listed by Arthur Mangassarian Re/Max Tri-City Realty 818-636-8899, DRE #00751703
NEARBY SCHOOL & BUSINESS
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