14646 Kittridge St - Apartments FOR SALE


Van Nuys, CA 91405
$1,295,000 USD
14646 Kittridge St, Van Nuys, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/21
null | 6.45% Cap Rate

14646 Kittridge St
Van Nuys, CA 91405


HIGHLIGHTS

  • Excellent unit mix consisting of two studios, two 1-bedroom units and a 4-bedroom single family home!
  • New Roof and Electrical Throughout!
  • Centrally Located east of the 405 Freeway and north of the 101 Freeway!

OVERVIEW

The Azzi Group of Marcus & Millichap is pleased to present 14646 Kittridge St, a five-unit multifamily investment opportunity situated in the Van Nuys submarket of the San Fernando Valley, benefiting from strong rental demand and convenient access to major freeways. 14646 Kittridge St offers a compelling value-add multifamily opportunity in the heart of Van Nuys, a central and supply-constrained San Fernando Valley submarket. The five-unit property sits on a 7,500 SF LARD1.5-zoned lot and features a highly desirable unit mix of two studios, two one-bedroom units, and a four-bedroom single-family residence, providing diversified income and broad tenant appeal. Recent capital improvements, including a new roof and upgraded electrical, along with separately metered electricity, enhance operational efficiency and reduce near-term capital needs. In-place rents remain below market, creating a clear path to value creation through rent repositioning and interior upgrades. Strategically located east of the 405 Freeway and north of the 101 Freeway, with close proximity to Ventura Boulevard amenities, 14646 Kittridge St presents investors with an executable value-add opportunity and meaningful long-term NOI growth potential.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

5

PRICE/UNIT

$259,000

CAP RATE

6.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

LARD 1.5

APN/PARCEL ID

2236-012-010

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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