$3,037,500
$3,100,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
15 Beds
15 Baths
7,645 SqFt
SOLD DATE : 10/16/2023
Key Details
Sold Price $3,037,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,645 sqft
Price per Sqft $397
MLS Listing ID 23-283877
Sold Date 10/16/23
Bedrooms 15
Year Built 1989
Lot Size 0.251 Acres
Property Description
We are pleased to offer this nine unit investment opportunity, located in the City of Van Nuys. The unit mix consists of three 1+1 units and six 2+2 units. The investment consists of approximately 7,645 of rentable square feet and is situated on an approximately 10,935 square foot parcel. Property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, a large storage room with potential to be converted to an ADU, a secured gated entry, and the property is separately metered for both gas & electricity. The property is not subject to the City of Los Angeles RSO, however it is subject to rent control under AB 1482, which allows rent increases of 5% plus local CPI. The property is in compliance with the Los Angeles Soft-Story Retrofit Program.
Location
State CA
County Los Angeles
Area Valley Glen
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Wall Gas
Cooling Ceiling Fan
Equipment None
Exterior
Garage Gated
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Reza Ghobadi
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "