$2,175,000
$2,175,000
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6,098 Sqft Lot
SOLD DATE : 10/31/2019
Key Details
Sold Price $2,175,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB19168755
Sold Date 10/31/19
Construction Status Turnkey
HOA Y/N No
Year Built 2019
Lot Size 6,098 Sqft
Property Description
14161 Erwin is a brand new construction fourplex located in the hottest area of Van Nuys, steps from the Courthouse! This is the only 2019 fourplex available in all of Van Nuys, so act fast! At an impossible to beat price of $2,175,000, this will be gone before you know it. With a conservative projected gross annual income of $151,200, the cap rate comes out to an impressive 5.33%! Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2019 construction!
14161 Erwin is made up of four 3 bed, 3 bath, 3-story, side-by-side townhome style units with spacious floorplans and huge private 2-car garages (8 total spots). Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. Each unit features stainless steel appliances, balconies off the bedrooms, and beautifully designed kitchens and bathrooms.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Interior Features Balcony, Open Floorplan, Recessed Lighting, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Fence Excellent Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Flat
Total Parking Spaces 8
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Landscaped, Level
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 2240018025
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services