6800 Varna Ave - Apartments FOR SALE


Van Nuys, CA 91405
$2,650,000 USD
818-271-7995
6800 Varna Ave, Van Nuys, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/6
null | 5.32% Cap Rate

6800 Varna Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • 33% upside in rents (Building is subject to L.A. Rent control)
  • Seismic retrofit completed
  • New copper plumbing
  • New Roof
  • New interior electric sub panels

OVERVIEW

Exceptional investment opportunity in the heart of Van Nuys! This well-maintained 16-unit apartment building offers significant upside potential with current rents well below market. Major capital improvements have already been completed, including a brand-new roof, new copper plumbing throughout, updated interior electric subpanels, and full seismic retrofitting for enhanced safety and compliance. The property presents a rare chance for investors to acquire a stabilized asset with substantial room for rental growth. Don’t miss this opportunity to unlock value in a prime San Fernando Valley location.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

16

PRICE/UNIT

$165,625

CAP RATE

5.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,862 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2328-015-025

ASK ABOUT THIS PROPERTY

Marty DuranTop PropertiesMore Info
818-271-7995

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Marty DuranTop PropertiesMore Info
818-271-7995

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