$3,000,000

Estimated payment $18,984/month

1 Bed
2 Baths
9,976 Sq Ft
$301 Price per Sq Ft

Highlights

  • In Ground Pool
  • 0.41 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Van Nuys High School Rated A
  • Corner Lot
  • Laundry Room

About This Home

An exceptional 20-unit multifamily investment opportunity in the desirable Van Nuys area, featuring 8 one-bedroom/one-bath apartments and 12 studio units. With strong local rental demand, the property offers tremendous upside potential for investors seeking long-term growth. Residents benefit from on-site parking, secure gated entry, laundry facilities, and a swimming pool, ensuring convenience and enhancing tenant appeal. Each unit is individually metered for gas and electricity, providing efficient and cost-effective management. The building has been well maintained with recent upgrades, including new exterior paint and plaster in 2024, reducing future maintenance concerns. Ideally located near the I-405 Freeway, Van Nuys Airport, the DMV, shopping, dining, and public transit, the property delivers excellent accessibility to major employment and lifestyle hubs across Los Angeles.

Listing Agent

Angela Parekh

Pinnacle Estate Properties Brokerage Phone: 818-207-9739 License #01186271 Listed on: 09/08/2025

Pinnacle Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.41 Acre Lot
  • 1 Common Wall
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 9,976 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 20 Open Parking Spaces
  • 20 Parking Spaces
  • Parking Available
  • Automatic Gate
  • Parking Lot
  • Assigned Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11353
  • Assessor Parcel Number 2328008014

Community Details

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $3,948
  • Gardener Expense $2,000
  • Insurance Expense $8,287
  • Pest Control $986
  • Pool Expense $2,030
  • Professional Management Expense $11,635
  • Trash Expense $9,655
  • Water Sewer Expense $25,504
  • New Taxes Expense $37,500
  • Operating Expense $101,545
  • Gross Income $236,831
  • Net Operating Income $135,286

Additional Features

  • 20 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: 818-426-8310
  • Other Phone Number: 818-426-8310
  • Price Per Unit: 150000
  • Professional Management Expense: 11635.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 25504.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2000.00
  • Parcel Number: 2328008014
  • Year Built: 1976
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Main level
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Levels: One
  • Price Per Square Foot: 300.72

Exterior Features

  • Pool Expense: 2030.00
  • Pool Features: Community, Fenced, In Ground
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Parking Space
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 20.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 986.00
  • Sewer: Public Sewer
  • Trash Expense: 9655.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 18060.00
  • Lot Size Acres: 0.4146

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Fuel Expense: 3948.00
  • Gross Income: 236831.00
  • Gross Scheduled Income: 236831.00
  • Insurance Expense: 8287.00
  • Laundry Income: 3432.00
  • Lot Size Area: 18060.0000 Square Feet
  • Net Operating Income: 135286.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Number Wall A C: 20
  • Operating Expense: 101545.00
  • Rent Control: Yes
  • Total Expenses: 101545.00

Tax Info

  • New Taxes Expense: 37500.00
  • Tax Census Tract: 1235.10
  • Tax Lot: 2
  • Tax Tract Number: 11353

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
09/08/2025 09/08/25 For Sale $3,000,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25201310

California Regional Multiple Listing Service (CRMLS)