14121 Friar St - Apartments FOR SALE


Van Nuys, CA 91401
$2,200,000 USD
310-245-5600
14121 Friar St, Van Nuys, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/8
null | 5.64% Cap Rate

14121 Friar St
Van Nuys, CA 91401


OVERVIEW

INVESTMENT HIGHLIGHTS Highly sought-after mix of all 2-Bed/2-Bath units and a 2-Bed/2.5-Bath Townhouse Built in 1998 and subject to State Rent Control with rent increase of 8.8% in 2005 No seismic retrofit required Two units to be rented to Moderate and low income tenants. Median Income: $106,600 for a four-person household in 2025 Low Income: $84,850 for a single person, $121,150 for a four-person household Large and bright units spread over 6,526 square feet in 7 units All units feature balconies, central heating and air conditioning, high ceilings, and 2 parking spaces Gated and secured entry, copper plumbing, newer water heater, on-site laundry facilities owned by current management One of the best values in today's investment market with significant upside potential Laundry on-site

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$337 USD /SF

# OF UNITS

7

PRICE/UNIT

$314,286

CAP RATE

5.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Built 1998 5.64% Cap All 2+2 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1998

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2240-014-017

ASK ABOUT THIS PROPERTY

Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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