$3,898,000
$3,995,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
0.31 Acres Lot
SOLD DATE : 08/07/2014
Key Details
Sold Price $3,898,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 14761643
Sold Date 08/07/14
HOA Y/N No
Year Built 2009
Lot Size 0.310 Acres
Property Description
- 14 Luxury Townhome Units Built in 2009- All Units are Two- and Three-Bedroom, Two-Level, Townhome-Style- Originally Constructed as Individual "For Sale" Units Tentative Tract Map 061564 - Hardwood Floors, Granite Countertops, Travertine Tile, Central Heat & A/C, High Ceilings - Washer and Dryer in Each Unit Provides Convenience and Commands a Higher Rent- 35 Gated, On-Grade Parking Spaces- New Stacked Stone on the Building, New Exterior Paint and New Stucco Window Trim- New Stacked Stone Fence Built in 2014- Two-Bedroom Units Average 1,106 Square Feet & Three-Bedroom Units Average 1,220 Square Feet- Tremendous Rental Upside Potential of Approximately 17%- Comparable Rental Units in Van Nuys: Two-Bedroom Units Range from $1,795 to $1,990 Comparable Rental Units in Van Nuys: Three-Bedroom Units Average $2,200- No Rent Control Eased Ability to Capture the Income Potential of this Asset- Future Exit Strategy of Recording the Tract Map and Selling Each Unit Individ
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Cooling Central Air
Fireplace No
Laundry See Remarks
Exterior
Garage Garage
Parking Type Garage
Total Parking Spaces 35
Building
Story 2
Others
Tax ID 2219009026
Special Listing Condition Standard
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Bought with Grady Liu • MacroReal Inv Grp Inc.