$3,800,000
Presenting multifamily Investing opportunity located in Lake Balboa/Van Nuys Submarket, presents a well-maintained (14 units total includes on-site parking spaces some accessible from the rear alley, pride-of-ownership multifamily asset in one of the San Fernando Valley’s most consistent rental markets. The property offers a strong combination of quality upkeep, and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 6- One Bedroom/1-Bath units 5 Two Bedroom/1 bath units and 3 spacious 3-Bedroom/2-Bath units, Great rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements includes new plastered Pool in 2024 and new water heater in 2025, minimizing near-term maintenance costs for a new owner. The property also offers ample on-site parking and on-site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long-term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. Van Nuys Airport is just a short drive away. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Click to interact with map
Listed by Josephina Fajardo with Del Sol Realty (818) 361-5599
Property Type
Mixed Use
Status
Active
MLS Number
SR26066937
Year Built
1963
Lot Size
0.30 acres