14161 Erwin Street, Van Nuys, CA 91401
Fourplex · 2 recorded sales since 2018
Sold October 2019
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Kamfar Kyle Mirrafati · Matthews Real Estate Investment Services · MLS #BB19168755 · Source: CRMLS
About this fourplex
14161 Erwin is a brand new construction fourplex located in the hottest area of Van Nuys, steps from the Courthouse! This is the only 2019 fourplex available in all of Van Nuys, so act fast! At an impossible to beat price of $2,175,000, this will be gone before you know it. With a conservative projected gross annual income of $151,200, the cap rate comes out to an impressive 5.33%! Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty & the ease of owning a hassle-free 2019 construction! 14161 Erwin is made up of four 3 bed, 3 bath, 3-story, side-by-side townhome style units with spacious floorplans and huge private 2-car garages (8 total spots). Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. Each unit features stainless steel appliances, balconies off the bedrooms, and beautifully designed kitchens and bathrooms.
Listing description from the October 2019 sale, as reported to CRMLS.
Sale history
