$5,750,000
$5,950,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
0.75 Acres Lot
SOLD DATE : 11/25/2014
Key Details
Sold Price $5,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 14779877
Sold Date 11/25/14
HOA Y/N No
Year Built 1964
Lot Size 0.747 Acres
Property Description
Recent Major Capital Improvements Include:New RoofNew Copper PlumbingNew Solar System Installed on the Roof which will Reduce Utility CostsNew Elevator System InstalledRe-Plastered Pool & New Pool DeckLarge Unit Sizes with a mix of approximately 50% Two & Three Bedroom UnitsAll Two & Three Bedroom Units have Two Bathrooms EachAt Least 12% Rent Upside PotentialMany Units have been Upgraded with Tile Flooring ThroughoutVery Low Cost per Foot of $134.08 (based on gross square footage per assessor)Laundry Facility On-Site that Generates Additional Income for the PropertyNo Major Deferred Maintenance & Continually Lowering Operating CostsWith Upgraded Major Systems, Every Dollar Invested by a New Owner can go Directly Towards Improvements that will Increase RentsBuilt in 1964 with a Gross Building Square Footage of 44,376 & Lot Size of 0.75 AcresCurrently 39 Units, with a Storage Room currently being Permitted as the 40th Unit
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Cooling Central Air
Fireplace No
Laundry See Remarks
Exterior
Parking Features Carport
Total Parking Spaces 54
Building
Story 3
Others
Tax ID 2654037019
Special Listing Condition Standard
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Bought with Grady Liu • MacroReal Inv Grp Inc.