$5,975,000

Estimated payment $38,279/month

Total Views 208
32 Beds
24 Baths
16,808 Sq Ft
$355 Price per Sq Ft

Highlights

  • 0.71 Acre Lot
  • Corner Lot
  • Laundry Room
  • Van Nuys High School Rated A

About This Home

All Electric Meters and Main panels upgraded in 2025. No Soft Retrofitting is required. Low maintenance. Always 100% occupied. Easy to Rent. High Traffic area. 2 Drive way access, from Vanowen & Orion. Close to Freeways, schools, shopping. Extra large lot 30,109 SQ FT, Rentable building area is 16,808 SQ FT, Total of 24 Units with great combination consisting of 16 Units of 1 Bedroom, 8 Units of 2 Bedrooms. Additional income from 4 laundry stations, 1 at each building. There are 4 buildings with 6 units in each one. Several units been upgraded.

Listing Agent

Manvel Solakian

Keller Williams R. E. Services Brokerage Phone: 818-381-7722 License #01310512 Listed on: 09/03/2025

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 0.71 Acre Lot
  • Two or More Common Walls
  • Corner Lot
  • Sprinkler System
  • 2234025019

Parking

  • 24 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 16,808 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 24 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 2234025017
  • $1,644 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 24 Units

Amenities

  • Laundry Facilities

Building Details

  • 24 Leased Units
  • Rent Control
  • 28 Separate Electric Meters
  • 28 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $31,000
  • Operating Expense $120,508
  • Gross Income $309,540
  • Net Operating Income $309,539

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

24

Listing Details

  • Other Phone Description: 8183817722
  • Price Per Unit: 248958
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2234025017
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 355.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 24.00
  • Total Parking Spaces: 24.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 2234025019
  • Land Lease: No
  • Lot Features: Corner Lot, Sprinkler System
  • Lot Size Sq Ft: 31110.00
  • Lot Size Acres: 0.7142

Multi Family

  • Gross Income: 309540.00
  • Gross Scheduled Income: 426588.00
  • Insurance Expense: 31000.00
  • Laundry Income: 3480.00
  • Lot Size Area: 31110.0000 Square Feet
  • Net Operating Income: 309539.00
  • Number Of Separate Electric Meters: 28
  • Number Of Separate Gas Meters: 28
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 24
  • Number Of Units Total: 24
  • Operating Expense: 61987.00
  • Rent Control: Yes
  • Total Expenses: 120508.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1644.00

Map

Range of Values:

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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
09/03/2025 09/03/25 For Sale $5,975,000 +47.5% $355 / Sq Ft
11/10/2016 11/10/16 Sold $4,050,000 -1.1% $241 / Sq Ft
09/02/2016 09/02/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $4,095,000 -- $244 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25196124

California Regional Multiple Listing Service (CRMLS)