$1,320,000 Price Analysis   ♡   Van Nuys, CA 91401 8 bed 6 bath 4,416 SqFt ($298/SqFt) 5,805SqFt lot. Built 1954 Listed 2024-06-20, Taxes $13,473 | Ⓧ USDA Ineligible due to price & location near Kester |
Fantastic 6-unit value add investment property located in Van Nuys.
The mid-century apartment complex, built in 1954, offers a total of 4, 416 square feet of living space, with each unit boasting 736 square feet on average. The building features a strong unit mix, of (2) open 2-bedroom/ 1-bath units and (4) 1-bed / 1-bath units. Several of the units have received interior upgrades over the years, including new shower tiling and enclosures. The building has received significant capital improvements including the installation of copper plumbing in certain areas, new exterior paint, a newly landscaped and luscious shared fruit/food garden and approximately 75% new windows.
The roof was also fully replaced in June 2023. Additionally, there is a separate parking space and storage unit for each apartment at the rear of the building. There's also a laundry room that is currently being used as an owner storage area, but can easily be converted back to a laundry facility for additional income. 6729 Fulton Ave is fully occupied and offers over 60% upside on the current rents!
Presented by Jake Glaser at
Lyon Stahl Investment Re, Inc.
Property MLS #24-406358 from TheMLSCLAW
Full Bathrooms: 6
Heating Features: Wall
Garage Description: Carport
Parking Total: 6
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5805
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1900, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1900, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1900, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2350, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 1900, 6 BedsTotal: 2, 6 BathsTotal: 1, 6 SquareFeet: 2350
County: Los Angeles
Cap Rate: 4.03
Directions: Just south of Vanowen St on the West side of Fulton Ave.
Source Property Type: Residential Income
Area: Valley Glen
Source Neighborhood: Valley Glen
Parcel Number: 2329-027-009
Postal Code Plus 4: 1229
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $426,521 + $645,249 $1,071,770 | $13,473 |
| 2021 | $418,158 + $632,598 $1,050,756 | $13,296 |
| 2020 | $413,871 + $626,112 $1,039,983 | $13,423 |
| 2019 | $405,756 + $613,836 $1,019,592 | $12,915 |
| 2018 | $397,800 + $601,800 $999,600 | $12,779 |
| 2017 | $252,248 + $378,375 $630,623 | $8,297 |
| 2016 | $247,302 + $370,956 $618,258 | $8,076 |
| 2015 | $243,588 + $365,384 $608,972 | $7,966 |
| 2014 | $238,817 + $358,227 $597,044 | $8,028 |
| 2013 | $237,738 + $356,608 $594,346 | $8,018 |
| 2012 | $233,077 + $349,616 $582,693 | $8,123 |
| 2010 | $228,507 + $342,761 $571,268 | $7,876 |
| 2009 | $300,290 + $301,416 $601,706 | $8,006 |
| 2009 | $226,800 + $340,200 $567,000 | $8,006 |
| 2008 | $294,402 + $295,506 $589,908 | $7,682 |
| 2007 | $288,630 + $289,712 $578,342 | $7,428 |
$1,320,000
TheMLSCLAW
Listing removed 2023-02-01
$1,350,000
CRISNET
Listing removed 2023-01-31
$1,350,000
CRISNET
Listed 2023-01-03
$1,350,000
CRISNET
Sold 2017-02-13
$980,000
CRISNET
Listed 2016-09-08
$1,020,000
CRISNET
Sold 2009-12-01
$567,000
Public Record
Listing removed 2009-04-24
$849,999
SoCalMLS
Listing removed 2009-02-13
$799,999
SoCalMLS
Listing removed 2009-02-13
$799,999
ITECH
Listed 2009-01-17
$799,999
SoCalMLS
Listed 2007-12-10
$799,999
ITECH
Listing removed 2007-10-02
$849,999
ITECH
Listed 2007-03-28
$849,999
ITECH
Listed 2007-03-28
$849,999
SoCalMLS
Listing removed 2007-02-17
$925,000
ITECH
Listed 2006-06-06
$925,000
ITECH
Sold 2003-06-27
$535,500
Public Record
Sold 2002-08-26
$420,000
ITECH
Listing removed 2002-06-21
$359,000
ITECH
Listed 2002-05-30
$439,900
ITECH
Listed 2002-03-20
$359,000
ITECH
Listing removed 2001-08-09
$309,000
ITECH
Listing removed 2001-08-08
$309,000
ITECH
Listed 2001-02-09
$309,000
ITECH
Listed 2001-02-09
$309,000
ITECH
Sold 2000-06-16
$240,000
Public Record
Sold 1993-04-30
$252,000
Public Record
Sold 1977-04-06
$85,000
Public Record
Year Built: 1954
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 70
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.