$1,150,000
About this home
*Financial Metrics* - 5.25% Cap Rate, 10.86 GRM, 110% Upside. Potential to reach a 9.01% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms. Two units are currently delinquent on rent and have been served 3-Day Notices. Buyer will assume responsibility for any eviction, providing the opportunity to convert and re-rent these units at higher market rates. Plans will be provided. *ADU Potential* - Add one ADU in the tuck-under parking area by restriping parking against the rear wall unlocking additional income and value. *Unit Mix* - 6 total units: 5 (1+1) and 1 (3+2) that is currently vacant. *Location Benefits* - Located less than half a mile from the current Orange Line Transit Stop and future Van Nuys East Valley Rail Line hub a major transit expansion linking the Valley with the greater LA region. *Walk Score* - Very Walkable 78 Walk Score. Most errands can be accomplished on foot. *Owner Occupy* - The spacious 3+2 unit is currently vacant, offering flexibility for owner-users or immediate lease-up for investors.
Facts & features
- Bedrooms
- 8
- Bathrooms
- 0 full, 0 half
- Living area
- 5,060 sq ft
- Heating
- Wall Furnace
- Levels
- Two
- Lot size
- 0.144 acres (6,250 sq ft)
- Year built
- 1957
- Parking
- Attached Carport
- Parking spaces
- 8
- Area
- VN - Van Nuys
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 362
- Listed
- 2025-05-29
- Parcel #
- 2240024008
- MLS #
- 25545333
