$2,985,000
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.
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Listed by Arthur Mangassarian with Re/Max Tri-City Realty (818) 409-0040
Property Type
Apartment
Status
Active
MLS Number
GD26066348
Year Built
1971
Lot Size
0.31 acres