6633 - 6639 N Sepulveda Blvd, Van Nuys, CA 91411

Listing is for 6633 and adjoining 6639 N Sepulveda Blvd. (APN#'s 2234-017-015 & 2234-017-016). Two (2) quadraplex offering (8 units) situated across a large double lot totaling 18,600 SF (potential redevelopment opportunity, Buyer must confirm with City). Both properties must be sold together. Upwards of 45% in upside (stabilized 5.75 CAP & 12.5 X). Subject to City of LA RSO. Not subject to City of LA Soft-Story Retrofit Program. Possibility to finance both properties individually as residential loans (Buyer to confirm with their lender). Little deferred maint. and most major components (roof, electrical, plumbing and foundation) in fair condition. On-site laundry (leased), overhang storage cabinets, eight (8) garaged parking spaces and three (3) uncovered, 2 large enclosed front yards. Owner responsible for water/sewage and tenants responsible for gas, electric and trash. 1BR units approx. 850 SF & 2BR units approx. 950 SF.