14814 Erwin St - Apartments FOR SALE


Van Nuys, CA 91411
$2,750,000 USD
818-640-4360
14814 Erwin St, Van Nuys, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/26
null | 5% Cap Rate

14814 Erwin St
Van Nuys, CA 91411


HIGHLIGHTS

  • 15 units in good Van Nuys rental market
  • Unit mix consists of (2) 2+2 units, (6) 1+1 units and (7) singles
  • Substantial in existing rents
  • Property has copper plumbing, new roof, and the seismic retrofit has been completed. Units have been tastefully redone as the units have turned.
  • There are approved plans for (2) ADU units. One is a 1+1 and the other is a 2+1. Property is on a large 15,004 square foot lot

OVERVIEW

Equity Union Commercial is proud to represent this 15 unit building in Van Nuys. The building was constructed in 1978. Its unit mix consists of (7) studio units, (6) 1+1 units, and (2) 2+2 units. With a lot size of 15,004, the property has a total of 10,168 rentable square feet. The property has been well maintained by a long term owner and upgrades include new roof, copper plumbing and seismic retrofit has been completed. There are approved plans for two ADU units. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

15

PRICE/UNIT

$183,333

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2241-016-028

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union Real EstateMore Info
818-640-4360

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Cindy HillEquity Union Real EstateMore Info
818-640-4360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.