Apartments For Sale • 24,349 SF
Opportunity to add Five 1+1 ADUs adding $1,176,002 in immediate value |
Constructed in 1986, the property falls under SB1482 State Rent Control, 5% + CPI rent increases allowed |
Approximately $500,000 has been invested in capital improvements to enhance the building |
New Roof, New Elevator |
18 of the 21 units have been upgraded |
Over 70% 2+2 units |
Cap Rate: | 4.47 % |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 5 min | - | 2.3 mi |
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 5.8 mi |
Airport | Drive | Walk | Distance |
Bob Hope | 13 min | - | 6.9 mi |
Los Angeles International | 28 min | - | 20.8 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 39 |
Type: | Covered |
Included in Rent: | Yes |