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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24029558
Sold Date 04/26/24
Bedrooms 11
HOA Y/N No
Year Built 1830
Lot Size 7,478 Sqft
Property Description
Great Investment Opportunity on this Gated 9 unit Apartment Building with 2- 2 bedroom + 1.5 bath units and 7- 1 bedroom + 1 bath units. This Pride of ownership gated building has subterranean covered parking with 1 parking space per unit. Each unit has a storage cabinet above their parking space. There is a large onsite laundry room. Building is Seismic retrofitted and in great condition with newer roof, newer plumbing, recently updated electrical, some newer windows and partially painted. Great location near Van Nuys City Hall, courthouse and walking distance to Metro Busway Transportation. This Retro Looking building has been in a few movies because of it's look. Extra income was generated for the owner and tenants. Tremendous upside in rents. All tenants paid during Covid.
Great Investment Opportunity on this Gated 9 unit Apartment Building with 2- 2 bedroom + 1.5 bath units and 7- 1 bedroom + 1 bath units. This Pride of ownership gated building has subterranean covered parking with 1 parking space per unit. Each unit has a storage cabinet above their parking space. There is a large onsite laundry room. Building is Seismic retrofitted and in great condition with newer roof, newer plumbing, recently updated electrical, some newer windows and partially painted. Great location near Van Nuys City Hall, courthouse and walking distance to Metro Busway Transportation. This Retro Looking building has been in a few movies because of it's look. Extra income was generated for the owner and tenants. Tremendous upside in rents. All tenants paid during Covid.
Location
State CA
County Los Angeles
Area Van Nuys (91401)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco
Parking Features Unit1:Assigned
Roof Type Composition
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
Acceptable Financing Cash
Space Rent $126,720
Listing Terms Cash
Financing Cash
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Bought with Ramin Vakilzadeh • Joshua Nouri
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878