6411 Willis Ave - Dormitory FOR SALE


Van Nuys, CA 91411 | 
$925,000 USD
323-868-0004
6411 Willis Ave, Van Nuys, CA for Sale
$925,000 USD
Dormitory - FOR SALE
1/5
null | Request Cap Rate

6411 Willis Ave
Van Nuys, CA 91411


HIGHLIGHTS

  • Three-Unit Income Property
  • Two Detached Residential Structures
  • Corner LAR3 Parcel with Frontage on Two Streets
  • Central Van Nuys Location Near the 101 & 405 Freeways
  • Approx. 2,251 SF of Improvements on a 6,445 SF Lot
  • Potential Owner-User Opportunity

OVERVIEW

6411 Willis Avenue presents a well-positioned three-unit investment opportunity on a corner LAR3 parcel in Van Nuys. The property is uniquely configured with three separate street addresses across two detached residential structures, providing greater separation and privacy than a traditional triplex. The property consists of approximately 2,251 SF of improvements on approximately 6,445 SF of land and includes garage and surface parking. Current leases generate $5,700 per month and $68,400 annually in rental income. Offered at $925,000, the property is priced at approximately $308,333 per unit. The corner location provides frontage on two streets and convenient access to the Van Nuys civic and employment core, Metro G Line, and the 101 and 405 freeways. With established in-place income, separate residential structures, three individual addresses and a central San Fernando Valley location, the property offers a compelling opportunity for a private investor, 1031 exchange buyer or owner-user. Buyer to independently verify all information, including square footage, lot size, zoning, rents and permitted use.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

3

PRICE/UNIT

$308,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6411 Willis Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,306 SF

ZONING

LAR3

APN/PARCEL ID

2236-020-012

ASK ABOUT THIS PROPERTY

Prakash ShroffThe AgencyMore Info
323-868-0004

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Prakash ShroffThe AgencyMore Info
323-868-0004

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