12921 Oxnard St - Apartments FOR SALE


Los Angeles, CA 91401- Valley Glen
$2,200,000 USD
310-941-5899
12921 Oxnard St, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/4
null | 5.44% Cap Rate

12921 Oxnard St
Los Angeles, CA 91401
Valley Glen


HIGHLIGHTS

  • Strong San Fernando Valley Location Near Sherman Oaks & Studio City
  • Attractive Unit Mix: 4) 2+1.5 & 6) 1+1
  • EQ Retrofit Completed/ Copper Plumbed

OVERVIEW

12921 Oxnard Street presents an excellent opportunity to acquire a well-maintained 10-unit multifamily asset in the heart of Van Nuys, one of the San Fernando Valley's most established rental markets. Built in 1957, the property consists of an attractive unit mix of four (4) two-bedroom/two-bathroom units and six (6) one-bedroom/one-bathroom units, catering to a broad tenant base seeking quality housing in a central location. The property has been under the same ownership for the past 16 years and has benefited from consistent maintenance and attentive management throughout its tenure. Investors will appreciate the strong in-place rental income coupled with the opportunity to further enhance cash flow through strategic rent growth and operational efficiencies over time. Ideally situated near the highly desirable communities of Sherman Oaks and Studio City, the property offers tenants convenient access to major employment centers, retail amenities, dining destinations, and transportation corridors throughout the San Fernando Valley and Greater Los Angeles. With its desirable unit mix, and value-add potential, 12921 Oxnard Street represents a compelling investment opportunity for both private and institutional multifamily investors seeking long-term growth in a proven rental market.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

5.44%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,304 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2331-020-006

ASK ABOUT THIS PROPERTY

Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeff LouksMarcus & MillichapMore Info
310-941-5899

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.