Property listed by KW Advisors, Kelly Morgan 310-482-2200
$1,150,000
*Financial Metrics* - 5.25% Cap Rate, 10.86 GRM, 110% Upside Potential to reach a 9.01% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms, currently units 1 & 2 are pro forma rents as the tenants in each unit have both been… Read More served their respective 3 day notices and are expected to vacate. Plans will be provided.*ADU Potential* - Add one ADU in the tuck-under parking area by restriping parking against the rear wall unlocking additional income and value. *Unit Mix* - 6 total units: 5 (1+1) and 1 (3+2) that is currently vacant. *Location Benefits* - Located less than half a mile from the current Orange Line Transit Stop and future Van Nuys East Valley Rail Line hub a major transit expansion linking the Valley with the greater LA region. *Walk Score* - Very Walkable 78 Walk Score. Most errands can be accomplished on foot. *Owner Occupy* - The spacious 3+2 unit is currently vacant, offering flexibility for owner-users or immediate lease-up for investors. Read Less
Listing Snapshot
Days Online
66
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,060
Lot Size
0.14 Acres
Year Built
1957
MLS Number
25545333
30 Days Snapshot Of 91401
$1.54M
+14%
(avg) sold price
6
-64%
homes sold
40
-47%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, Building area total: 5,060, Levels: Two, Living area: 5060, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $152,428, Net operating income: $103,198
Lot
0.1435 acres, 6,250 square feet, Size: 6,250
Parking
8 totals parking, AttachedCarport
Property
Zoning: LAR3
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