Property listed by Keller Williams Palos Verdes, Michelle Pentreath 310.904.9337
$1,299,000
Exceptional value-add and redevelopment opportunity at 14153 Sylvan St in Van Nuys. This 6-unit income-producing property is currently operating at approximately a 5% cap rate based on current financials.
Preliminary analysis indicates potential to add up to 7 additional units or redevelop the site to approximately 25 units (buyer to verify… Read More zoning, density, and development potential with the City of Los Angeles). Pro forma projections suggest cap rate could potentially increase to 6% + with expansion; all projections and assumptions to be independently verified by buyer.
Property will be delivered with tenants in place, providing immediate income. Tenancy reflects stable occupancy (buyer to verify all leases and terms).
Strategically located near the Van Nuys Civic Center, including police station, courthouse, fire department, and convenient access to the 101 Freeway. Attractive $1.299M entry price with strong long-term upside. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.2 Acres
Year Built
1948
MLS Number
SB26013940
Additional Details
Building
Built in 1948, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Sylvan Avenue
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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