Vesper & Hartland Seventeen Multi-Family FOR SALE


Van Nuys, CA
$3,500,000 USD
626-376-9224
, Van Nuys, CA for Sale
$3,500,000 USD
Multi-Family - FOR SALE
1/13
null | 5.37% Cap Rate

Vesper & Hartland Seventeen
Van Nuys, CA


HIGHLIGHTS

  • Adjacent two parcel investment opportunity: 14553 Hartland is a 12-unit complex, and 6840 Vesper is a 5-unit complex
  • Optional Chase loan with an assumable balance of $1,750,000 at a fixed 3.38% interest rate until 6-1-2027. Monthly payment of approximately $8,433
  • Great unit mix of (4) – 2 Bed / 2 Bath, (1) – 2 Bed / 1 Bath SFR, (1) – 2 Bed / 1 Bath, and (11) – 1 Bed / 1 Bath with rental upside of ±44%
  • On-site laundry room, individual air-conditioners and wall heaters
  • No on-site manager needed due to properties sitting on separate parcels (Buyer to verify)
  • 5% Cash-on-cash return with assumable Chase loan

OVERVIEW

Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two parcel property with address of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals ±12,241 square feet on a ±14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,750,000 at a fixed 3.58% interest rate until June 1st, 2027. The new monthly payment will be approximately $8,433. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

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Casey PicardKW CommercialMore Info
626-376-9224

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