Property listed by Marcus & Millichap, Filip Niculete 818-212-2700
$6,750,000
We are pleased to present for sale Oxnard Gardens, a 32-unit garden-style apartment community located at 14015 Oxnard Street in Van Nuys, California. This well-maintained property offers a prime value-add opportunity in one of the San Fernando Valley's strongest rental submarkets. Additionally, Oxnard Gardens features a desirable unit mix with… Read More significant income growth potential. Recent capital improvements include a brand-new roof, updated electrical subpanels, and the completed soft-story seismic retrofit, which reduces future maintenance costs for new ownership. The property's classic garden-style design enhances curb appeal, while gated access and on-site parking provide added convenience for residents. Strategically positioned in a high-demand rental market, the property benefits from its proximity to new construction, key employment hubs, shopping centers, and major transportation corridors, including the 405 and 101 Freeways. Van Nuys continues to experience strong rent growth, making this an attractive investment for those seeking long-term appreciation and income stability. With well-maintained common areas and room for interior upgrades, Oxnard Gardens presents an excellent opportunity for investors to increase rental income and capitalize on the continued demand for quality housing in the San Fernando Valley. Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
63
Square Ft.
28,741
Lot Size
0.82 Acres
Year Built
1962
MLS Number
25494881
30 Days Snapshot Of 91401
$1,157k
-15%
(avg) sold price
11
-15%
homes sold
74
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1962, Building area total: 28,741, Levels: Two, Living area: 28741, 2 stories, 1 building
Community
Pool
Heating
WallFurnace
Income
Gross income: $666,428, Net operating income: $378,121
Laundry
CommonArea
Lot
0.821 acres, 35,762 square feet, Size: 35,762
Parking
32 totals parking, Covered
Pool
Community
Property
Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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