$1,790,000
$1,875,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
7,316 SqFt
SOLD DATE : 11/19/2021
Key Details
Sold Price $1,790,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,316 sqft
Price per Sqft $244
MLS Listing ID SR21126284
Sold Date 11/19/21
HOA Y/N No
Year Built 1963
Lot Size 7,196 Sqft
Acres 0.1652
Property Description
Mostly updated & oversized units in a very desirable, predominantly single family homes, West Van Nuys(Lake Balboa) neighborhood with plenty of street parking too. Well-located in the heart of the S.F Valley and close to job centers, public transportation & shopping areas. Very close to 405 Frwy to the East, public parks, lake, and golf course too. 100% occupied, with historically high occupancy rates and below market rents that offers upside rent potential for additional income.
Soft story retrofit to protect against E/Q mandated by the City of Los Angeles already completed to code and with permits and fully paid for by Seller.
All showings upon accepted offer only. Please do NOT disturb tenants who are not aware of sale. Buyer to cooperate with Seller in a 1031 Exchange at no cost to Buyer.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating See Remarks
Cooling See Remarks
Fireplaces Type See Remarks
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Park
Total Parking Spaces 7
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2233024012
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Khosrow Armand • Foresight Rlty & Inv.
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