15907 Enadia Way - Apartments FOR SALE


Van Nuys, CA 91406
$999,000 USD
323-646-2422
15907 Enadia Way, Van Nuys, CA for Sale
$999,000 USD
Apartments - FOR SALE
1/44
null | 5.2% Cap Rate

15907 Enadia Way
Van Nuys, CA 91406


OVERVIEW

15905 & 15907 Enadia Way offer a savvy investor a well-maintained, income-producing property featuring a 3-bedroom, 2-bath single-family residence and a fully permitted 1-bedroom, 1-bath ADU, each with its own address, private entrance, fenced yard, and separate laundry. Ideally located on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, the tree-lined neighborhood offers convenient access to the 405 and Van Nuys airport without interference from either. Though zoned LAR1, SB 79 is opening growth opportunities throughout the city due to ongoing housing needs. Designed for efficient long-term ownership, the property features separately metered electricity, infrastructure allowing tenants to pay their own utilities, and stable rental history with consistent occupancy throughout the sellers' ownership. The front residence offers approximately 1,268 square feet with central HVAC and fireplaces, while the permitted ADU provides approximately 447 square feet with a mini-split system, dedicated outdoor space and access to the driveway for parking. This fifties charmer sits on a 5,500-square-foot lot, the property generates positive cash flow with tenants already in place, making it attractive to investors seeking immediate income. The front home is leased, and the ADU is currently occupied on a month-to-month basis with both tenants at market rate. Interior showings will be provided upon acceptance of an offer. Please do not disturb occupants. Photos as been digitally altered.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

2

PRICE/UNIT

$499,500

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,560 SF

ZONING

R1

APN/PARCEL ID

2224-004-028

ASK ABOUT THIS PROPERTY

Susan K SanfordAKG | Christie's International Real EstateMore Info
323-646-2422

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Susan K SanfordAKG | Christie's International Real EstateMore Info
323-646-2422

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