13227 Oxnard St - Apartments FOR SALE


Van Nuys, CA 91401
$1,349,000 USD
310-466-0888
13227 Oxnard St, Van Nuys, CA for Sale
$1,349,000 USD
Apartments - FOR SALE
1/4
null | 5.04% Cap Rate

13227 Oxnard St
Van Nuys, CA 91401


HIGHLIGHTS

  • Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen
  • only $220,000 per unit and $260,000 per foot for six 2 bedroom units.
  • The property is a short walk from Los Angeles Valley College creating a strong appeal fro students, faculty, and local professionals alike.
  • Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting.
  • Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand.

OVERVIEW

Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $220,000 per unit and $260,000 per foot for six 2 bedroom units. This desirable Valley Glen neighborhood is one of San Fernando Valley's most convenient and established rental corridors. The property is a short walk from Los Angeles Valley College. creating a strong appeal fro students, faculty, and local professionals alike. Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting. Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand. The rental income has a lot of upside potential as the averge rent is only $1470 / these two bedrooms support rental income of $2,200 Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

6

PRICE/UNIT

$224,833

CAP RATE

5.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,107 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2331-029-002

ASK ABOUT THIS PROPERTY

Alex GaluzKW CommercialMore Info
310-466-0888

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Alex GaluzKW CommercialMore Info
310-466-0888

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