14764 Sylvan St - Apartments FOR SALE
Van Nuys, CA 91411 |
$3,950,000 USD
310-365-5054
14764 Sylvan St
Van Nuys, CA 91411
HIGHLIGHTS
- Reduced deferred maintenance and capital expenditure requirements compared to older Valley inventory.
- Eight 2 Bed / 2.5 Bath Townhouse units averaging ±1,294 SF, appealing to families and long-term tenants.
- In-place income with additional value-add through organic rent growth.
- Centrally located in the San Fernando Valley with strong renter demand and accessibility to major employment centers.
- With a pro forma rent of ~$285K, this has potential to grow to ~$310K at market rents.
- Each unit has its own individual APN, offering a unique opportunity for future condominium conversion and potential value enhancement
FOR SALE DETAILS
PRICE
$3,950,000 USD
PRICE/SF
$355 USD /SF
# OF UNITS
8
PRICE/UNIT
$493,750
CAP RATE
4.52%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
14764 Sylvan Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2007
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,751 SF
ZONING
LAR3
APN/PARCEL ID
2241-009-029,2241-009-030,2241-009-031,2241-009-032,2241-009-033,2241-009-034,2241-009-035,2241-009-036
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310-365-5054
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310-365-5054
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