14109 Erwin St - Apartments FOR SALE


Van Nuys, CA 91401
$1,350,000 USD
818-640-4360
14109 Erwin St, Van Nuys, CA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/6
null | 5.01% Cap Rate

14109 Erwin St
Van Nuys, CA 91401


HIGHLIGHTS

  • 7 units in nice Van Nuys rental pocket
  • Excellent unit mix consisting of (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit
  • Upside in existing rents. Tenants are due for a rent increase on 2/1/26 and seller has not raised rents
  • Seismic retrofit completed, new roof 2018, copper plumbing, and new water heater
  • Upstairs balconies redone
  • New buyer has the option to update electrical to reduce insurance costs

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit apartment building in Van Nuys. The property has an excellent unit mix consisting of (1) studio, (4) 1+1 units, (1) 2+2 unit, and (1) 3+2 unit. With a lot size of 6,252 square feet, the property has a total of 5,200 rentable square feet. Seismic retrofit has been completed and the property features a new roof (2018), copper plumbing, and a new water heater. The upstairs balconies have been redone. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

7

PRICE/UNIT

$192,857

CAP RATE

5.01%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,565 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

2240-018-015

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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