$6,500,000 Price Analysis   ♡   Van Nuys, CA 91405 50 bed 50 bath 26,760 SqFt ($242/SqFt) 0.68 acre lot. Built 1964 Listed 2024-01-23, Taxes $12,942 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This 32-unit two-story garden style complex has gated entry
A pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already ben completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony.
The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially im prove the asset per the existing OZ laws. Located in Opportunity Zone Very well maintained Great Mix of 1 and 2 Bedrooms with Balconies / Private Patios Gated Parking and Entry Pool, Laundry and Landscaped Courtyard
Presented by David Kaufman at
David Ballin Kaufman.
Property MLS #24-350843 from TheMLSCLAW
Full Bathrooms: 50
Laundry Features: Room
Heating Features: Wall
Covered Spaces: 24
Garage Description: Gated
Parking Total: 34
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 29604
Calculated Total Monthly Association Fees: 0
Number of Units: 32
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1800, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 2200
County: Los Angeles
Cap Rate: 4.44
Directions: North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
Source Property Type: Residential Income
Area: East Van Nuys
Source Neighborhood: East Van Nuys
Parcel Number: 2221-021-018
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $559,100 + $191,271 $750,371 | $12,942 |
| 2021 | $548,138 + $187,521 $735,659 | $12,640 |
| 2020 | $542,518 + $185,599 $728,117 | $12,707 |
| 2019 | $531,881 + $181,960 $713,841 | $12,353 |
| 2018 | $521,452 + $178,393 $699,845 | $11,844 |
| 2017 | $511,228 + $174,896 $686,124 | $11,566 |
| 2016 | $501,204 + $171,467 $672,671 | $10,996 |
| 2015 | $493,676 + $168,892 $662,568 | $10,878 |
| 2014 | $484,006 + $165,584 $649,590 | $11,137 |
| 2013 | $481,819 + $164,836 $646,655 | $11,114 |
| 2012 | $472,372 + $161,604 $633,976 | $11,253 |
| 2010 | $463,110 + $158,436 $621,546 | $11,165 |
| 2009 | $467,725 + $182,975 $650,700 | $11,182 |
| 2009 | $459,649 + $157,252 $616,901 | $11,182 |
| 2008 | $451,707 + $154,536 $606,243 | $10,458 |
| 2007 | $442,850 + $151,506 $594,356 | $10,041 |
$6,500,000
TheMLSCLAW
Listed 2024-01-23
$7,000,000
TheMLSCLAW
Year Built: 1964
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 60
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.