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Listed by Steven Kleemann • Rodeo Realty
$ 1,650,000
Est. payment | /mo
4,270 SqFt
$ 1,650,000
Est. payment | /mo
4,270 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,270 sqft
Price per Sqft $386
MLS Listing ID CRSR24242345
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1991
Lot Size 7,453 Sqft
Property Description
GREAT OPPORTUNITY on this Pride of ownership 5 unit Condo Style Gated Apartment Building built in 1991. Located in the heart of Van Nuys near City Hall and walking distance to public transportation. 4 of the units are 2 bedrooms plus 1.5 baths. 1 unit is 3 bedrooms and 1.5 baths. Each tenant has 2 parking spaces with a remote controlled security gate. Minimum amount of tenants living in the building. There is a common laundry room. Machines are leased. This updated and well maintained building has a newer roof, newer hot water heater, newer sewer line and all newer building plumbing. Exterior was recently painted. Each unit has Central A/C & Heat. All unit's ductwork was recently cleaned. Some of the units have updated laminate flooring with granite countertops. Bedrooms are located upstairs with a full bath and downstairs is the living room with a dining area, kitchen and 1/2 bath. Lots of upside on this opportunity providing for a solid long term investment with immediate added value. Its prime location near public amenities, transportation and shopping adds to its desirability for tenants, ensuring consistent occupancy rates. With additional room for rental increases, this property presents a unique opportunity for investors seeking stable returns and long term appreciation.
Location
State CA
County Los Angeles
Interior
Heating Forced Air, Other
Cooling Central Air
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Community Facility, Laundry Room, Other
Exterior
View None
Handicap Access Other
Building
Lot Description Level, Other, Front Yard, Garden
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745