6902 Vesper Ave - Apartments FOR SALE


Van Nuys, CA 91405
$2,985,000 USD
818-549-9000
6902 Vesper Ave, Van Nuys, CA for Sale
$2,985,000 USD
Apartments - FOR SALE
1/10
null | 4.2% Cap Rate

6902 Vesper Ave
Van Nuys, CA 91405


HIGHLIGHTS

  • Termendous over 30% upside potential
  • 17 Units can be easily turn to 23 unit Call agents

OVERVIEW

The property consists of 17 units with approximately 13,122 square feet of improvements situated on a 13,499 square foot lot, originally built in 1971. Per ownership, the property has completed retrofitting and has been recently painted, creating a strong foundation for a value-add investment strategy. Located on a quiet, tree-lined residential street just blocks from Van Nuys Boulevard, the property benefits from close proximity to major transportation corridors, public transit, shopping, and civic amenities throughout central VanNuys. The current unit mix includes 11 one-bedroom units • 6 two-bedroom, two-bath units The six larger units were created by combining pairs of one-bedroom units, and the secondary kitchens remain in place, currently used as storage or additional sleeping areas. Based on the current configuration, there may be potential for a future owner to re-separate these units and explore additional unit creation, along with possible ADU opportunities, offering meaningful long-term upside.

FOR SALE DETAILS

PRICE

$2,985,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

17

PRICE/UNIT

$175,588

CAP RATE

4.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2219-026-062

ASK ABOUT THIS PROPERTY

Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

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Arthur MangassarianRE/MAX CommercialMore Info
818-549-9000

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