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

Type

Apartment

Bedrooms

9

Building size

8,957 sqft

Lot size

8,783 sqft

Year built

1964

Stories

3

Garage spaces

13

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

129

MLS #

242891394

About this property

This well-maintained 9-unit apartment building in Van Nuys features a desirable unit mix consisting of (4) 2 bed/2 bath unit, (5) 1 bed/1 bath unit, situated on an 8,749 sq ft lot, the property offers approximately 8,957 rentable square feet. The unit mix supports stable, long-term tenancy and helps minimize turnover. The property is fully occupied with all units currently leased. Extensive upgrades have been completed throughout the property granite and sizar stone counter tops, stainless still appliance, including exterior improvements and painting, and fully renovated interiors Smart utility management and sustainable operational features are key to optimizing net operating income. 14218 Sylvan St is equipped with rooftop solar water heating along with two dedicated water reservoirs, helping reduce utility overhead and supporting sustained operational resilience. In modern multifamily management, energy and water infrastructure upgrades represent measurable bottom-line value. Conveniently located near the 405, 101, and 170 freeways, the property provides excellent accessibility. It is next to Citi Hall Court House Federal Buildings and just minutes from Ventura Boulevard, offering a wide variety of dining, shopping, and entertainment options, as well as nearby public transportation with easy access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.

Location

14218 Sylvan Street

Van Nuys, Los Angeles, CA, 91401