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$ 1,850,000
Est. payment | /mo
7,156 Sqft Lot
$ 1,850,000
Est. payment | /mo
7,156 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26660485
HOA Y/N No
Year Built 1951
Lot Size 7,156 Sqft
Property Description
Well-located 5-unit multifamily property in the heart of Van Nuys, offering a strong value-add opportunity. The two-story, low-rise building spans approximately 4,000 SF on a 0.16-acre lot and is currently operating at ~80% occupancy. Built in 1951, this Class C asset features spacious units with functional layouts and steady rental demand. Zoned LARD1.5, the property presents potential for future upside through improved management, lease-up, or renovation. Ideal for investors seeking income with room to grow in a centrally located rental market.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Gated
Total Parking Spaces 5
Building
Story 2
Others
Tax ID 2244014023
Security Features Gated Community
Special Listing Condition Standard
Listed by Roger Perry Rodeo Realty #01882885
Nearby Locations
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Bobby Karami
Partner | Lic# 01222700