Property · 2 recorded sales since 2016
Listing Agent: Dominick Faraone (DRE #01925895) · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: Dominick Faraone · Miller & Desatnik Realty Co. · MLS #23327021 · Source: CRMLS
Well maintained 8 unit apartment building centrally located in Van Nuys. New roof installed in 2017. Assumable financing at 3.67% interest only for 3.5 more years until 2027. Great unit mix of (4) two bedrooms and (4) one bedroom units. Value-add opportunity with approx. 30% upside in rents. Select units have been renovated with updated kitchens, bathrooms, windows, and floors. Strong cash on cash return day one. Fully parked with a secured parking lot (no retrofit needed). Contact listing agent for offering memorandum.
Listing description from the January 2024 sale, as reported to CRMLS.