4323-4329 Van Nuys Blvd - Apartments FOR SALE


Sherman Oaks, CA 91403
$4,975,000 USD
310-897-0044
4323-4329 Van Nuys Blvd, Sherman Oaks, CA for Sale
$4,975,000 USD
Apartments - FOR SALE
1/6
null | 4.03% Cap Rate

4323-4329 Van Nuys Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • SELLER FINANCING WITH $3 MIL. DOWN .*** seller to carry $1,975,000 at 6% interest payment only for 3 years .
  • IN THE HEART OF SHERMAN OAKS VILLAGE ,WALK TO ALL RESTAURANTS,SHOPS AND ETC.
  • EXISTING APPROX. $304,000 ANNUAL GROSS INCOME
  • SOFT STORY RETROFITTING IS COMPLETED.
  • TROPHY LOCATION ,DOUBLE CORNER LOT SOUTH OF VENTURA BLVD.
  • REMODELED UNITS , NEXT TO MILLION DOLLAR CONDOS ,

OVERVIEW

SELLER FINANCING .Trophy location . $304,000 annual gross income . South of ventura blvd. Corner property with an alley in the back. Walk to all restaurants, shops and Sherman Oaks village .This is a great opportunity for an investors to acquire these two income producing properties in the densely populated Sherman Oaks neighborhood. These two properties are Zoned Rd 1.5 & situated within the Transit Oriented Communities (TOC) Tier 2. Existing 2 ( FIVE ) unit buildings on two separate lots , Approx annual income of approx. $304,000 Total lot size 11,9852 sq.ft. & total Living sq. ft 9,820 sq.ft . 4323 Van Nuys blvd. ( APN # 2276014002) consists of (1) single story 3 br, 2 bath house , (2 ) two br ,1 bath & ( 2) one br,1 bath units . 4329 Van Nuys blvd . ( APN # 2276014001) consists of (1 ) 2 Br +den , 1 bath owner's unit and ( 2) two br ,1 bath & (2 ) one br. 1 bath units. A unique Buy & hold or development opportunity for investors and builders in prime area of Sherman Oaks South of Ventura Blvd. Asking price $4,975,000 . Buyer to verify zoning , lot size, age of the building and applicable requirements to develop .

FOR SALE DETAILS

PRICE

$4,975,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

10

PRICE/UNIT

$497,500

CAP RATE

4.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$304,000 Annual income .

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1933

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

LARD1.5

APN/PARCEL ID

2276-014-001,2276-014-002

ASK ABOUT THIS PROPERTY

Steven Bijan MesbahRodeo Realty Inc.More Info
310-897-0044

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

Steven Bijan MesbahRodeo Realty Inc.More Info
310-897-0044

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