This five-unit apartment building in Van Nuys offers an investment opportunity within a highly accessible Los Angeles submarket. The property consists of a low-rise structure with a 100% occupancy rate, providing immediate income stability. Built in 1954, the building features a mix of one-bedroom units and a studio, each equipped with essential amenities such as kitchens, ovens, and refrigerators.
Located in an Opportunity Zone, this asset may qualify for significant tax advantages, enhancing its long-term investment appeal. The site spans approximately 0.18 acres and includes controlled access and curbside trash pickup. Its central location provides strong connectivity to major transportation routes, including the 405 and 101 freeways, and is within minutes of the Van Nuys Metrolink station.
The surrounding area is a dense residential and commercial corridor, offering proximity to retail, dining, and employment centers. With a Walk Score of 82, residents enjoy convenient access to neighborhood services. This property represents a stable, income-producing asset with potential for value appreciation in a growing market.