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$4,595,000
37 Beds ⋅ 37 Baths ⋅ 26859211 MLS
INCREDIBLE AND HARD TO FIND ASSUMABLE LOAN FOR 65% OF THE PURCHASE PRICE!!!!!!!!!!!!!!!!!!! 3.75% FIXED- $3,000,000 - VALID FOR 4 MORE YEARS UNTIL 6/1/2030; Corner Lot measuring 23,586 square feet; Ideal unit mix of Fourteen (2+2) and Nine ( 1+1), and one (1) SIngle existing ADU almost complete; Bright units with private balconies or patios; Strong in-place rents with current cap rate of 7.57%; GIM equal to 8.3; Spacious Floorplans with average unit size of 908 square feet; Copper plumbing; Plans and permits for 2 additional attached ADU apartments which when completed will satisfy the Seismic Retrofit requirement (Buyer to Verify); On-Site Laundry Facilities; Ample parking spaces. Marketing package attached under DOCS.

6956 Kester Avenue, Van Nuys
$4,900,000
26693503 MLS
A rare opportunity to acquire a 31-unit apartment building located at 14534 Saticoy Street in Van Nuys, California - a dynamic submarket within the San Fernando Valley. The Property is well-maintained and features an attractive mix of bachelor, studio, and one-bedroom units. Twenty-one units have been renovated to include upgraded kitchen countertops, appliances, new flooring, new cabinets, bathrooms and fixtures. Stable occupancy history and strong recent leasing activity demonstrate a path to a rental upside and improving cash flows going forward.

14534 Saticoy Street, Van Nuys
$4,500,000
26664759 MLS
NON RENT CONTROL - Newly built gorgeous 9 unit building in the heart of the San Fernando Valley conveniently located at Kester Ave and Victory Blvd, between Van Nuys Blvd and the 405 freeway, providing central access to major employment hubs including Sherman Oaks, Encino, Burbank, Warner Center and North Hollywood. Quality modern construction with full subterranean parking. You could not build it for this cost today - Only $345 per foot. Unit mix is very attractive with large 3 and 4 bedroom townhouse style units. The units range from 1350 - 1650 sq ft each. This is a low maintenance and easy management property creating stable cash flow. Van Nuys offers more attainable rents compared to Sherman Oaks and Studio city , driving consistent tenant demand. The East San Fernando Valley Light Rain Transit Project along Van Nuys Blvd is expected to connect the area to the broader Metro system, increasing long term accessibility and property values. Continued Investment in the area and along Van Nuys Blvd aims at improving walkability and commercial activity. The nearby Van Nuys airport is one of the busiest general aviation airports in the world and supports thousands of aviation and aerospace jobs.

14827 Victory Boulevard, Van Nuys

Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.