Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
15716 Saticoy Street . Van Nuys , CA 91406
No LA Rent Control (AB-1482). For sale 42 units apartment 2 buildings in Van Nuys , Ca. For more information contact the listing agent. FILIP NICULETE : 818.212.2748 Filip.Niculete@marcusmillichap.com
Posted: 12/08/2021 2:41 pm
| On HOMEiZ: 869 days |
Updated: 2 years ago
| Views: 455
Location Map
Property Type
Sold
Property Price
$14200000
$14200000
12/09/2021
1.05
Acres
$455
31178
1.25%
4.24%
$0
$602080
14.90
$0
1.25%
$177500
Property Location & Description
No LA Rent Control (AB-1482). For sale 42 units apartment 2 buildings in Van Nuys , Ca. For more information contact the listing agent. FILIP NICULETE : 818.212.2748 Filip.Niculete@marcusmillichap.com
Non Rent Control
This 42-unit property, built in 1986, sits on a very large 1.05 acre lot with 5 separate buildings on it, and is located on the corner of Saticoy Street and Haskell Avenue. This 42-unit multifamily offering has (41) 2-story townhome units and (1) standard flat unit , and it presents a great unit mix of (30) 1 Bed / 1 Bath units and (12) 2 Bed / 2 Bath units, with the average unit size being approximately 750 square feet. In 2019, the Seller installed washer & dryers into all 42 units (with permits) and completely renovated 31 of the 42 units (74% of the units are renovated). Furthermore, all of the units come with their own wall A/C unit, a personal balcony or patio, carpeted and hardwood floors, walk-in closets, ceiling fans, cable and satellite ready, vertical blinds, and stocked with a full suite of modern appliances. Also, the property does not need any soft story retrofitting, saving the buyer a large cost that many other buildings throughout Los Angeles need
Van Nuys , California.
42
$338095
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
5
$2050
2.
1 +1 Bath Renovated
22
$2050
3.
1+1 Vacant Renovated
3
$2050
4.
2+2
6
$2825
5.
2+2 Bath Renovated
6
$2825
2206-014-041
LARD1.5
No Data%
Other
2
1986
Good
Almost all townhouse units
Significant rent increase potential
Large lot
Newly repainted exterior
Ample parking
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
88
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
Disclimer: Any information relating to a property referenced on HOMEiZ.com comes from
the listing provider who wishes to post a listing on HOMEiZ.com. The accuracy of all
information, regardless of source, including but not limited to square footages and lot
sizes, is deemed reliable but not guaranteed and should be personally verified through
personal inspection by and/or with the appropriate professionals. HOMEiZ does not verify
the property information submitted in HOMEiZ.com and cannot guarantee the accuracy of
the information. No warranties or representations are made of any kind. Any
dissemination of this information is in violation of copyright laws and is strictly
prohibited.
Copyright © 2016 HOMEiZ A Media Group LLC. All rights reserved. TOLL FREE 1-818-857-8255