Property listed by Del Sol Realty, Josephina Fajardo 818-203-4766
$3,800,000
Presenting multifamily Investing opportunity located in Lake Balboa/Van Nuys Submarket, presents a well-maintained (14 units total includes on-site parking spaces some accessible from the rear alley, pride-of-ownership multifamily asset in one of the San Fernando Valley’s most consistent rental markets. The property offers a strong combination of quality upkeep,… Read More and a highly attractive location within close proximity to major employment, education, and retail hubs. The building features a desirable unit mix of four 6- One Bedroom/1-Bath units 5 Two Bedroom/1 bath units and 3 spacious 3-Bedroom/2-Bath units, Each unit is equipped with wall A/Cs, enhancing tenant comfort and overall rental appeal, while being individually metered for gas and electric, helping to reduce owner expenses and improve operational efficiency. Recent capital improvements includes new plastered Pool and new pool equipment in 2023 and new water heater in 2025, minimizing near-term maintenance costs for a new owner. The property also offers ample on-site parking and on-site laundry facilities, both highly desirable amenities that contribute to tenant retention. With long-term tenants currently in place, the asset provides immediate income stability with potential for future rental upside. the nearby Northridge Metrolink Station, while Van Nuys Airport is just a short drive away. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.3 Acres
Year Built
1963
MLS Number
SR26066937
Additional Details
Building
Built in 1963, 1 building, 2 stories, Entry level: 1, Entry location: 1
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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