$3,400,000

Estimated payment $21,782/month

Total Views 3,989
7 Beds
5 Baths
12,241 Sq Ft
$278 Price per Sq Ft

Highlights

  • 0.34 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence
  • Van Nuys High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

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 $1,775,000 at a fixed 3.38% interest rate until June 1st, 2027. Upon assumption, the monthly payment will be approximately $8,360. 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.

Listing Agent

Casey Picard

Keller Williams Realty License #01921866 Listed on: 07/15/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Wrought Iron Fence
  • No Sprinklers
  • 6840 Vesper Avenue (APN: 2219-026-058)

Home Design

  • 12,241 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 18 Parking Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 127
  • Assessor Parcel Number 2219026057

Community Details

Overview

  • 3 Buildings
  • 17 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $17,000
  • Maintenance Expense $12,750
  • Pest Control $900
  • Professional Management Expense $12,569
  • Trash Expense $7,198
  • Water Sewer Expense $38,818
  • New Taxes Expense $42,500
  • Operating Expense $134,300
  • Gross Income $323,144
  • Net Operating Income $184,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.41
  • Professional Management Expense: 12569.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 38818.00
  • Property Type: Residential Income
  • Parcel Number: 2219026057
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: No
  • Price Per Square Foot: 277.76

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 18.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 900.00
  • Trash Expense: 7198.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6840 Vesper Avenue (APN: 2219-026-058)
  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 14911.00
  • Lot Size Acres: 0.3423

Multi Family

  • Gross Income: 323144.00
  • Gross Multiplier: 10.52
  • Gross Scheduled Income: 323144.00
  • Insurance Expense: 17000.00
  • Lot Size Area: 14911.0000 Square Feet
  • Maintenance Expense: 12750.00
  • Net Operating Income: 184052.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 17
  • Operating Expense: 134300.00
  • Rent Control: Yes
  • Total Expenses: 134300.00

Tax Info

  • New Taxes Expense: 42500.00
  • Tax Lot: 17
  • Tax Tract: 2873
  • Tax Tract Number: 127...

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Sale $3,400,000 -- $278 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Similar Homes in the area

  • 5535 Elmer Ave, North Hollywood, CA 91601

    $3,500,000

    • 1 Bed
    • 2 Baths
    • 21,614 Sq Ft
    • 5535 Elmer Ave
    • North Hollywood, CA

    ED1 DEVELOPMENT OPPORTUNITY IN THE HEART OF NoHo Arts District – RTI Plans for 57 Units, with zero parking requirement! Prime location offers unparalleled convenience, situated just steps from the Metro station, renowned dining, vibrant bars, and premier entertainment options that define North Hollywood’s dynamic lifestyle. This property will be delivered with RTI plans, fully approved for the

    Jon Majarian Exclusive Estate Properties Inc

    Section Image
  • 12528 Bradley Ave, Sylmar, CA 91342

    $3,998,000

    • 1 Bed
    • 1 Bath
    • 12528 Bradley Ave
    • Sylmar, CA

    Discover a rare opportunity to own 11 rental units across two parcels in the heart of Sylmar. This well-positioned property offers strong existing income with significant upside potential, including space for additional units or large ADUs. With two detached garages and expansive lot space, the setup is ideal for investors looking to grow their portfolio or explore redevelopment opportunities.

    Trey Ballard eXp Realty of Greater Los Angeles

    Section Image
  • 352 Hayworth Ave, West Hollywood, CA 90048

    $2,690,000

    • 2 Beds
    • 1 Bath
    • 5,070 Sq Ft
    • 352 Hayworth Ave
    • West Hollywood, CA

    *DEVELOPMENT OPPORTUNITY* We proudly present 352 N Hayworth Ave—a prime redevelopment opportunity located in the heart of Beverly Grove, 90048. The property currently features a vacant, fire-damaged 4-unit building totaling 5,070 square feet and is ready for demolition. Sitting on a 7,526 square foot LAR4-zoned lot, the site benefits from an SB-8 exemption, as it has remained unoccupied for over

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 3745 Jasmine Ave, Los Angeles, CA 90034

    $3,990,000

    • 1 Bed
    • 1 Bath
    • 9,169 Sq Ft
    • 3745 Jasmine Ave
    • Los Angeles, CA

    RARE PALMS OPPORTUNITY! 2 buildings (3741 & 3745 Jasmine) totaling 14 units on a large 15,000 lot. Conveniently positioned in one of the best Palms locations, just a short distance to METRO, shopping, restaurants and High Tech Corporate offices. Built in 1953, this property (zoned LAR3) has rent upside potential and is a prime redevelopment opportunity. All 1 bedroom 1 bath units (~650sqft) in a

    Kevin Sullivan Compass

    Section Image
  • 941 S Gramercy Place, Los Angeles, CA 90019

    $2,999,999

    • 1 Bed
    • 1 Bath
    • 7,360 Sq Ft
    • 941 S Gramercy Place
    • Los Angeles, CA

    941 S GRAMERCY PL is a beautiful 12 unit residential income property located in Koreatown neighborhood of Los Angeles.The property features 12 spacious and beautiful 1 Bedroom 1 Bathroom units with 12 assigned parking.Centrally located and close to all amenities of the town this property has always been in high demand rental market. Current monthly gross rental income of $17,600 and $211,200

    Eduard Khachatryan Luxury Homes International

    Section Image
  • 2506 W Sunset Blvd, Los Angeles, CA 90026

    $3,500,000

    • 1 Bed
    • 8,000 Sq Ft
    • 2506 W Sunset Blvd
    • Los Angeles, CA

    Pleased to present this rare mixed-use investment opportunity located in the heart of Silver Lake along the vibrant West Sunset Boulevard corridor. 2506 W Sunset Blvd is an 8,000 square foot building situated on a 5,694 square foot lot, offering a well-balanced unit mix of three street-level retail storefronts and seven residential apartment units. All but one of the units are currently on

    James Kezios Pacific Sotheby's Int'l Realty

    Section Image
  • 12044 Washington Blvd, Los Angeles, CA 90066

    $3,200,000

    • 2 Beds
    • 1 Bath
    • 5,448 Sq Ft
    • 12044 Washington Blvd
    • Los Angeles, CA

    GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit unused office building with proposed plans to reconvert it to its original configuration as 6 apartments. Proposed plans include 6 two bedroom apartments. Located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey, the location is ideal. Take advantage of extensive upgrades which were done around

    Don Karasevicz Estate Properties

    Section Image
  • 502 S Westlake Ave, Los Angeles, CA 90057

    $3,495,000

    • 1 Bed
    • 2 Baths
    • 13,539 Sq Ft
    • 502 S Westlake Ave
    • Los Angeles, CA

    Investment opportunity in the heart of Los Angeles, Westlake area. 1920s Art Deco apartment building featuring 28 units- mix of 26 studio + one bath and 2 one bedroom + one bath units. Close proximity to USC, LA Live, Staples Center, Koreatown, Dodger Stadium, and public transportation.

    Avi Barazani Coldwell Banker Realty

    Section Image
  • 1735 W 7th St, Los Angeles, CA 90017

    $4,300,000

    • 1 Bed
    • 3 Baths
    • 30,319 Sq Ft
    • 1735 W 7th St
    • Los Angeles, CA

    1735 7th St // 694 S Burlington Ave is a 32-unit mixed use buildinglocated in the Pico Union neighborhood. Thismassive 30,319 sqft building is offered at only$134k/unit and $141/sqft. The property is currentlyoperating at a 6.68% CAP and 8.30 GRM. There is stillover 51% upside available once the property isstabilized. The property is individually metered for gasand

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-23259

Pasadena-Foothills Association of REALTORS®