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Listed by Josephina Fajardo, DRE #00913671 • Del Sol Realty
$3,700,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26066937
Year Built 1963
Lot Size 0.299 Acres
Source California Regional MLS
Property Description
Presenting multifamily Investing opportunity located in Lake Balboa/Van Nuys Submarket, presents a well-maintained (14 units total includes on-site parking spaces some accessible from the rear alley, pride-of-ownership multifamily asset in one of the San Fernando Valley's most consistent rental markets. The property offers a strong combination of quality upkeep, and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 6- One Bedroom/1-Bath units 5 Two Bedroom/1 bath units and 3 spacious 3-Bedroom/2-Bath units, Each unit is equipped with wall A/Cs, enhancing tenant comfort and overall rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements includes new plastered Pool and new pool equipment in 2023 and new water heater in 2025, minimizing near-term maintenance costs for a new owner. The property also offers ample on-site parking and on-site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long-term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. the nearby Northr
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 14.0
Pool Community Facility
Building
Water District - Public
Others
Tax ID 2206013022
Special Listing Condition Not Applicable
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