Corner Lot Offering 7 Large Single Units; Four (4) Units Have Been Completely Remodeled; One Unit Will Be Delivered Vacant; High in-place Rents; Possibility of Adding Another Unit (AUD); Current Cap Rate of 5.50% and Actual GRM of 12.2; Gated and Enclosed Parking in the Back; On-site Laundry Facilities - Owned; Located in Easy-to-Rent Van Nuys Rental Market. This asset is located on a gated and fenced corner lot with good curb appeal and offers high in-place rents, strong rental demand, and attractive financing. The potential of adding an ADU apartment to this property will make this a desirable Value-Add investment. Van Nuys offers a dense rental market with easy access to transportation hubs and employment, dining, shopping, and entertainment facilities of the area.
Assessed Value is a combination of the land and additions.
2024
$18,395
(+1.91%)
$1,446,155
Land 867693 +
Additions 578462
2023
$18,050
(+4.72%)
$1,417,800
Land 850680 +
Additions 567120
2022
$17,237
(+13.92%)
$1,202,327
Land 484972 +
Additions 717355
2021
$15,131
(+3.65%)
$1,202,327
Land 484972 +
Additions 717355
2019
$14,598
(+3.44%)
$1,135,000
Land 750000 +
Additions 385000
2017
$14,113
$1,134,750
Land 442500 +
Additions 670000
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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