Description
*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 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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
49993937
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 8
Bathroom Information
- Total Baths: 7
- Full Baths: 0
- Half Baths: 0
Heating Source
- Wall Furnace
- Has Heating
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Exterior Features
Building Information
- Year Built: 1957
- Building Area Total: 5,060
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1435
- Lot Size Source: Assessor
- Lot Size Square Feet: 6250
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Listing Information
Listing Price Information
- Original List Price: 1,150,000
- Listing Contract Date: 2025-05-29
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 2240024008
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Attached Carport
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: VN - Van Nuys
- Directions: East of Tyrone Ave, north of G Line Bikeway, south of Delano St, and west of Hazeltine Ave.
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: VN - Van Nuys
Building and Construction
- Property Age: 68
- Year Built Source: Assessor
- Total Square Feet Living: 5060
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 06/09/2025 @ 11:31
- MLS: 25545333
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 8 bedrooms which is for sale, it has 5,060 sqft, 6,250 sized lot, and 0 parking. are nearby neighborhoods.