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7008 Encino Ave
Van Nuys, CA 91406

$1,750,000 USD

Apartments For Sale  •  3,158 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,158 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 5.27 %
  • Zoning LAR1
43 Transit Score
71 Walk Score

Highlights

100% Rented with 14.6 GRM - 3 Units on 8,877 Sq Ft Lot in Prime Lake Balboa North of Encino
4-Bed, 3-Bath, 1,613 Sq Ft Fully Remodeled Main House
3-Bed, 2-Bath, 1,200 Sq Ft Brand-New ADU with Fully Paid-Off Solar Panels
1-Bed, 1-Bath, 345 Sq Ft Brand-New JADU
Each With Its Own Address, Private Outdoor Space, and In-Unit Laundry
Easy Access to the 101 & 405 Freeways, and the Orange Line Busway

Financial Summary

Cap Rate: 5.27 %

Amenities

  • Washer/Dryer Hookup

Public Transportation

Commuter RailDriveWalkDistance
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.0 mi
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 5.0 mi
AirportDriveWalkDistance
Bob Hope 19 min - 10.7 mi
Los Angeles International 32 min - 22.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Arthur Aslanian 818-335-1239 Berkshire Hathaway HomeServices California Propert
Arthur Aslanian 818-335-1239 Berkshire Hathaway HomeServices California Propert