Van Nuys, CA 91406,8070 LANGDON AVE

$5,750,000

$5,950,000

3.4%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by David Harrington • Matthews Retail Group, Inc.
Bought with Grady Liu • MacroReal Inv Grp Inc.
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7475 N Palm Ave STE 105, Fresno, CA, 93711

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