$1,600,000 Price Analysis   ♡   Van Nuys, CA 91401 1 bed 10 bath 4,504 SqFt ($355/SqFt) 8,259SqFt lot. Built 1963 Listed 2024-07-01, Taxes $18,799 | Ⓧ USDA Ineligible due to price & location near Kester |
We proudly present this exceptional opportunity to own an apartment building located in the highly sought-after pocket of Vally Glen.
6438 Mammoth Ave consists of (9) vast studio + one bath units and (1) one-bedroom + one-bath apartment for a total of 10 legal units. The property has ample onsite parking, recent upgrades including new windows and sliding doors, full copper plumbing and completion of the soft story retrofit work in 2019. Moreover, the property adjacent located on 6444 can also be purchased together to own at total of 16 units side by side with no requirement of an onsite manager.
Current loan can be assumed with a 4.41% interest rate fully amortized due in 2027 with Chase Commercial loan financing. Priced at $160k per unit, its proximity to supermarkets, fitness centers, public transportation, hospitals, schools and more, makes this offering an ideal investment with tons of upside by adding ADUs or enjoying c ash flow from its current state!
Presented by Enrique Viramontes at
RE MAX Commercial & Investment Realty.
Property MLS #24-410375 from TheMLSCLAW
Full Bathrooms: 10
Heating Features: Wall
Lot Size Square Feet: 8259
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1900, 2 BathsTotal: 1, 2 SquareFeet: 15300
County: Los Angeles
Cap Rate: 5.34
Directions: Located on Mammoth Ave between Victory Blvd and Kittridge St
Source Property Type: Residential Income
Area: Valley Glen
Source Neighborhood: Valley Glen
Parcel Number: 2238-013-037
Postal Code Plus 4: 1523
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $912,051 + $608,034 $1,520,085 | $18,799 |
| 2021 | $894,168 + $596,112 $1,490,280 | $18,562 |
| 2020 | $885,000 + $590,000 $1,475,000 | $18,744 |
| 2019 | $353,265 + $277,563 $630,828 | $8,451 |
| 2018 | $346,339 + $272,121 $618,460 | $8,290 |
| 2017 | $339,549 + $266,786 $606,335 | $8,079 |
| 2016 | $332,892 + $261,555 $594,447 | $7,862 |
| 2015 | $327,892 + $257,627 $585,519 | $7,757 |
| 2014 | $321,470 + $252,581 $574,051 | $7,847 |
| 2013 | $320,018 + $251,440 $571,458 | $7,847 |
| 2012 | $313,744 + $246,510 $560,254 | $7,947 |
| 2010 | $307,593 + $241,677 $549,270 | $7,708 |
| 2009 | $306,021 + $240,441 $546,462 | $7,442 |
| 2009 | $305,295 + $239,871 $545,166 | $7,442 |
| 2008 | $300,021 + $235,727 $535,748 | $7,148 |
| 2007 | $294,139 + $231,105 $525,244 | $6,938 |
$0
TheMLSCLAW
Listed 2024-07-01
$1,600,000
TheMLSCLAW
Listed 2024-05-16
$3,025,000
TheMLSCLAW
Sold 2019-12-09
$2,800,000
TheMLSCLAW
Sold 1988-08-24
$107,000
Public Record
Sold 1987-04-23
$360,000
Public Record
Sold 1987-02-19
$96,500
Public Record
Year Built: 1963
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 61
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.