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Property Description

This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard

Features
: In ground, Community
: Wall Furnace
: Wall/window Unit(s)
2
: Individual Room
0
Additional Information
David Ballin Kaufman
0
CLW-X64958
CLW-X74329
David
2221021018
: Standard
Two
32

Multi-Family For Sale

14921 Sherman Way, Van Nuys, California 91405

26,760 Sqft
$6,500,000
Listing ID #24350843
Basic Details
Status : Active
DaysOnMarket : 114
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24350843
Price : $6,500,000
Living Area : 26,760 Sqft
Lot Size : 29,604 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : Van Nuys
Zipcode : 91405
Price Per Square Foot : $243
ModificationTimestamp : 2024-05-16 14:15:59
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