14252 Erwin Street, Van Nuys, CA 91401
Property · 2 recorded sales since 2017
Sold July 2020
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Evelyn Ross · Team Spirit Realty · MLS #BB20067201 · Source: CRMLS
About this property
14252 Erwin is a 2019 construction fourplex located in the hottest area of Van Nuys, steps from the Courthouse! This fourplex is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant fourplex and leasing up the units yourself… inherit a smoothly running, high cap rate property with great tenants! The cap rate is currently 5.00%! At an impossible to beat price of $2,300,000, this will be gone before you know. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses and the ease of owning a hassle-free 2019 construction! 14252 Erwin is made up of one 4 bed, 3 bath unit and three 3 bed, 2 bath units with spacious floorplans. 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, washer and dryers in each unit, and beautifully designed kitchens and bathrooms.
Listing description from the July 2020 sale, as reported to CRMLS.
Sale history
