Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Lot size

8,712 sqft

Year built

2007

Stories

2

Status

Active

Days on market

163

MLS #

241287682

About this property

14764 Sylvan Street presents the opportunity to acquire an eight-unit apartment building in Van Nuys featuring spacious two-bedroom, 2.5-bathroom townhome-style units with strong in-place income and additional rental upside. Built in 2007, the property is significantly newer than much of the surrounding multifamily inventory and offers approximately 1,240 to 1,410 square feet per unit, with an average unit size of approximately 1,294 square feet. Current monthly rents total approximately $23,950 compared to $25,870 at market, representing approximately $1,920 in additional monthly rental income potential. Each of the eight units has an individual APN, creating the potential for a future condominium conversion and individual unit sell-off strategy, subject to applicable documentation and approvals. Located in the heart of the San Fernando Valley, the property provides convenient access to major employment centers, freeways, public transportation, shopping, dining, and surrounding Los Angeles communities.

Location

14764 Sylvan Street

Van Nuys, Los Angeles, CA, 91411