11-11-24-NEW PRICE-NEW PRICE-NEW PRICE--- DUPLEX-DUPLEX- Wonderful 1940's home with lots of charm. Originally a 3-bedroom 2 bath home. The owner legally split the home in half to create a DUPLEX. The front unit is a 2 bedroom, 1 bath with a large living room and the rear unit is a 1 bedroom, 1 bath. Per tax assessor’s records 1,584 square feet on a 6,894 LARD-2 lot. 2 covered parking spaces and 2 open parking spaces with ample room for more. 2 storage sheds for the owner and tenant. The property backs to the orange bus line and is very quiet...
We are pleased to present an eight-unit apartment building at 14758 Victory Blvd. in Van Nuys. Built in 1965, this property offers 5,789 square feet of living space on a 6,506-square-foot lot. The unit mix includes 5 (1 +1) , 1 (2+1) , 2 (2+2). Several units have been upgraded, and there is an on-site laundry facility. Additionally, storage space above the parking area creates an opportunity for added income. Upside Potential: Current rents have over 23% upside potential. Additionally, there is the potential to add ADU's, which could yield a cap rate of 7.78% and a GRM of 8.81 upon completion. This is a rare value-add opportunity for investors in a prime Van Nuys location. Buyer to verify all ADU details independently. ***Seller carry financing may be available. Inquire from agent. *** Located in Van Nuys, this property benefits from close proximity to local amenities, schools, parks, and major transportation routes, making it an appealing choice for both renters and investors. Whether you're expanding your investment portfolio or seeking a stable income-generating property, 14758 Victory Blvd. offers a compelling opportunity. Contact us today to learn more about this exciting investment with flexible financing options. Don’t miss out on owning a valuable piece of Van Nuys real estate. Schedule your private showing to explore the potential of this impressive apartment building.
This 20-unit Apartment building is a well-maintained asset in Van Nuys, CA. Centrally located in the San Fernando Valley, this complex has almost immediate access to the 101, 405, 170, and 118 freeways, as well as an abundance of public transportation, including a new line currently in construction: the East San Fernando Valley Light Rail Transit project, that will feature 11 stops from Van Nuys to Pacoima. This property features a favorable unit mix, with 15 of the 20 units being 2 & 3 bedroom units (25% 1 bedrooms, 75% 2 & 3 bedrooms), with private patios/balconies, and a pool. This two-story building also has secure, gated parking with covered spaces, and seismic retrofitting has been completed. This property sits on a corner lot, on the corner of Kester Ave. and Hartland St., just north of Vanowen St. The Van Nuys location is very walkable and bikeable with good transit.
We are proud to present a once in a generation opportunity to acquire two trophy investments in the San Fernando Valley. 6914 Woodley Avenue and 6955-61 Fulton Avenue are large beautifully maintained investment properties with capturable rental upside. 6914 Woodley Ave is an 8-unit apartment building in the city of Van Nuys, with a unit mix of four (4) one-bedroom one-bathroom units and four (4) two-bedroom two-bathroom units. 6955-61 Fulton Avenue is a 12-unit apartment building in the city of North Hollywood, with a unit mix of four (4) one-bedroom one-bathroom units and eight (8) two-bedroom one-bathroom units. The Valley portfolio gives an investor the ability to capture all that the San Fernando Valley has to offer, and provides tenants of these properties walkable access to shops, nightlife, employment opportunities and more. Please note these buildings can be sold together or separately.
Great investment opportunity to add on or develop this 2 separate houses on one lot with a footprint of 6,707 Sq.Ft of space in prime Van Nuys. Two car garage. This Duplex is centrally located within close distance to Downtown Van Nuys and the court house. Close to shopping, buses, Metro Station with effortless commute to DTLA and beyond, Also just a few minutes away from the 101 and 405 freeways. Don't miss this unique opportunity to own this income property.
Presenting an unparalleled investment opportunity to acquire two prime multifamily properties in the heart of the San Fernando Valley: 14739 Delano Street, Van Nuys, and 7543 Chimeneas Avenue, Reseda. Offered together for $2.75M (14739 Delano Street available separately for $1.75M), these properties provide substantial income potential.14739 Delano Street spans 6,908 sq. ft. on a 7,503 sq. ft. lot, featuring 11 bedrooms and 8 bathrooms with a current gross rent of $12,800/month and a GRM of 11.3, promising future rental growth. The property's attractive unit mix of five two-bedroom units and three one-bedroom units ensures strong tenant retention. Its strategic location near Van Nuys Village shopping, dining, and the upcoming East San Fernando Valley Light Rail line adds unmatched convenience and appeal.7543 Chimeneas Avenue, nestled in a peaceful cul-de-sac in Reseda, offers two legal units with potential for versatile use---live in one, rent the other, or lease both. The front unit is currently renting for $2,600/month, and the back unit is renting for $1,800/month. The main house includes central A/C, an enclosed porch, and a two-car detached garage with ADU potential. The secondary unit features two bedrooms, one bathroom, a private backyard, and a spacious porch. Located close to schools, local dining, and major transit routes, this property complements the Delano asset to create a well-rounded, high-potential investment package.
Step into a world of possibility with this stunning 4-bedroom, 2-bathroom duplex located in the sought-after Lake Balboa neighborhood of Los Angeles. Whether you are an astute investor looking for an income-generating property or an owner-user seeking to offset mortgage costs, this duplex presents an incredible opportunity. As you approach the property, you'll be greeted by meticulously maintained landscaping, featuring beautiful mature trees and plants that create a serene and inviting atmosphere. The front unit, currently tenant-occupied, boasts two bedrooms and one bathroom, offering a comfortable and inviting living space. The second unit, also featuring two bedrooms and one bathroom, has been recently renovated floors, and fresh paint, creating a modern and stylish aesthetic. The duplex's central location offers easy access to the Van Nuys and Burbank airports, Lake Balboa Park, picturesque biking trails, a selection of public golf courses, and plentiful dining and shopping experiences. Embrace the potential of this property and discover the endless opportunities it presents for both investors and owner-users alike. All units are occupied and property will be delivered with tenant.
6 Units on a large R3 lot with great upside potentials. Central and desired location in the city of Van Nuys with lots of potential. Conveniently located near The Court and other government buildings in the heart of the city of Van Nuys with close access to the 405, 101, and 170 freeways. Located just 2.3 miles from the Van Nuys Metrolink Station, which allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for electricity, gas, and trash.
Great opportunity to purchase 2 houses on one lot with separate address on separate streets. Main house newly painted, offers 1,500sgft, 4 bedrooms and 2 bathrooms,4th bedroom can also be used as a large family room, updated kitchen with Quartz counter tops, custom cabinetry, fireplace, newer appliances, laminate floors and recess lights throughout the house. Large grassy front yard & a side yard. Move in condition, ready to be occupied or rent it out. The 2nd house is an ADU build in 2019, 1,100sqft, 2 bedroom and 2 bathrooms, laundry inside with laminate flooring, modern kitchen & bathrooms, master bedroom with walk in closet, private & fenced back yard, 2 parking spots on the driveway. Very convenient location near shopping, dining, transportation LA Valley College & Pierce College. Must see to appreciate.
Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.
Value investment opportunity in the heart of Van Nuys and SVF. This triplex features two 2-bed/1 bath and one 1 bed/1 bath unit mix. All units are furnished at this time and set up for either mid-term or long-term tenancy (see Inclusions for more details). The back 2-bedroom has a fenced-in private patio with an orange tree and direct access to one of the garages. It has the vibe of an exclusive ADU residence. All units were updated in various degrees with laminate flooring, tiled bathroom with pedestal sink, windows, and HVAC system. The front 2-bedroom also has the kitchen remodeled with the replacement of cabinets, stainless steel sink and corian countertops. The roof is newly replaced in January 2024. Back unit water heater and the water pressure regulator were replaced in Nov 2024. There is a 3-car detached garage building in the back facing the alley with a laundry room set up for two sets of washer and dryer as well as a covered carport. This is an amazing investment addition to your real estate portfolio or seeking a home to live in with additional income to offset the mortgage payment.
We are pleased to present 14248 Gilmore St, a 2-story, 7-unit, true value-add multi-family investment opportunity with approximately 66%+ rental upside potential, located in the highly desirable Van Nuys submarket of Los Angeles, just east of Van Nuys Boulevard and north of Victory Boulevard. Built in 1960, the building is comprised of 1 (2+1), 5 (1+1), and 1 single units that average approximately 704 gross square feet. The 4,931 square foot structure is situated on a 7,500 square foot, LA[Q]RD1.5-1 zoned lot that includes 11 parking spaces. The property features spacious units with lots of natural light. Select units boast new flooring, fresh paint, wall AC units in living rooms, large mirrored closets in bedrooms, updated kitchens with new stoves, and dining areas are adjacent to the kitchens. The building is separately metered for gas & electric and provides tenants with assigned parking, on-site laundry, and included water and trash services. With a great WalkScore of 85, the property's central Van Nuys location offers residents easy access to countless shopping, dining, public parks, and recreation options in Van Nuys, Sherman Oaks, Lake Balboa, and Panorama City. The Sepulveda Recreation Area, which is home to Balboa Golf Course, Sepulveda Sports Complex, The Japanese Garden, and Lake Balboa, is 1.8 miles to the west. The 405 Freeway is 1.7 miles to the west of the property, and the 101 Freeway is 2.3 miles to the south. The 170 Freeway is only 2.4 miles to the east, the 5 Freeway 5.6 miles to the northeast, and the 118 Freeway can be accessed 7.2 miles to the north. The Metro G Line (Orange) Busway, which runs almost the length of the entire San Fernando Valley and connects to the Metro Red Line to Downtown Los Angeles, can be accessed at the Van Nuys Metro G Line (Orange) Station, only 0.7 miles to the south. The East San Fernando Valley Light Rail Transit Project, currently under development, will significantly enhance the connectivity and transportation options for residents. This 9.2-mile light rail project will improve connections and access to key destinations while reducing congestion and fostering economic growth along the route.14248 Gilmore St is well-positioned for a skilled value-add investor, with the building's front garages presenting a prime ADU conversion opportunity, and a higher-end renovation program would optimize market rents, appreciation, and future returns. The property's premium location near transportation, grocery stores, restaurants, and shops makes it an attractive investment in the vibrant Van Nuys neighborhood submarket.
. Wonderful Investment opportunity! Centrally located in the heart of Van Nuys , close proximity to Civic buildings , Sepulveda basin recreation center/golf course, and Restaurants with easy access to 405 Fwy. Each unit has its own covered and gated parking space and there is parking on residential street. Complex has a storage unit as well as a gated front yard space. Now's your chance to snatch this one up. Please do not disturb occupants. This is a probate but NOT COURT CONFIRMATION IS NEEDED.
This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard
Featuring spacious floorplans and a unit mix that contains nearly all two- and three-bedroom apartments, the property spans 12,568 gross square feet. The building occupies a corner lot near the intersection of Sherman Way and Haskell Avenue. The current owner has installed full copper plumbing, replaced nearly every window in the building, and upgraded the main electric panel. A new investor may be able to use existing permits to complete two ADUs, which may also remove the need for any seismic retrofit repairs (Buyer to verify). Every unit interior has been renovated with decorative tile flooring, granite countertops, and remodeled bathrooms. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.
Van Nuys is located in California.
