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.