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$1,275,000
Est. payment /mo
6,233 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26221802
HOA Y/N No
Year Built 1952
Lot Size 6,233 Sqft
Property Sub-Type Quadruplex
Property Description
Outstanding investment opportunity in a convenient Van Nuys location! Situated on a prominent corner lot, this four-unit residential income property offers approximately 4,726 square feet of building area on a 6,235-square-foot parcel, presenting an appealing opportunity for investors seeking a multifamily acquisition with long-term income potential. Originally constructed in 1952 and substantially expanded in the early 1990s, the two-story property features four generously sized residential units, previously configured as three 3-bedroom, 2-bathroom units and one 2-bedroom, 2-bathroom unit. The exterior features stucco construction, established landscaping, mature trees, colorful flowering bougainvillea, gated pedestrian access, individual exterior entries, and concrete walkways connecting the residences. Rear alley access leads to a substantial off-street parking area with covered parking, an especially desirable convenience for a multifamily property. Previous listing information indicates separate gas and electric meters serving the four units and a common water meter. The property's substantial unit sizes, established residential configuration, and potential for future improvements and income growth make it an appealing opportunity for investors looking to expand or establish a rental portfolio, subject to existing tenancies and applicable regulations. Conveniently located near Lake Balboa, the Sepulveda Basin Recreation Area, Woodley Lakes Golf Course, shopping, dining, public transportation, and the 101 and 405 freeways. An opportunity to acquire a four-unit property in the heart of the San Fernando Valley. Buyer to independently verify all information, including square footage, unit configurations, permits, parking, rents, expenses, and property condition.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Exterior Feature Lighting
Carport Spaces 3
Fence Wrought Iron
Pool None
Community Features Park, Sidewalks
View Y/N No
View None
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2231023055
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Real Estate Owned
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Listed by Stephanie Vitacco Equity Union 818-989-2000, DRE #00985615
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