7234 Allott Avenue, Van Nuys, CA 91405

About this fourplex

A rare opportunity in the heart of Van Nuys awaits! This quadruplex property offers 2,500 rentable square feet on a generous 11,000 square foot lot. With potential to add an ADU plus plans already in place, this is an incredible investment with outstanding growth potential. Three of the units have been fully remodeled and now feature modern convenience with washer and dryer included - making it easier than ever to attract quality tenants. The cap rate sits at 5.1 and GRM at 14.7 - don't miss out on this fantastic opportunity in a booming rental market!

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,450,000

Sold September 2023 · listed $1,498,000, on market July 2023 · MLS #SR23125657 · Source: CRMLS

Listing Agent: Ali Eghbal Ketabchi · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Carlo Honanian · Silver Spoon Properties

$1,300,000

Sold March 2022 · listed $1,399,000, on market February 2022 · MLS #SR22024128 · Source: CRMLS

Listing Agent: Anie Mayelian · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Artak Dovlatyan · Specialized Realty

$1,300,000

Sold March 2022 · listed $1,399,000, on market February 2022 · MLS #SR22022651 · Source: CRMLS

Listing Agent: Anie Mayelian · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Artak Dovlatyan · Specialized Realty

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