8070 Langdon Ave - Apartments FOR SALE


Van Nuys, CA 91406
$8,350,000 USD
626-407-7701
8070 Langdon Ave, Van Nuys, CA for Sale
$8,350,000 USD
Apartments - FOR SALE
1/10
null | 5.14% Cap Rate

8070 Langdon Ave
Van Nuys, CA 91406


HIGHLIGHTS

  • Excellent Van Nuys address with convenient freeway access (405 & 170)
  • Well-located with strong tenant demand and minimal vacancy
  • Low Cost Per Square Foot
  • Desirable Unit Mix One , Two Three Bedroom Floor Plan with Balcony
  • Seismic retrofit completed

OVERVIEW

8070 Langdon Ave presents an exceptional opportunity to acquire a stabilized 40-unit multifamily asset in the high-demand rental submarket of Van Nuys. This value-add property features an attractive mix of oversized 1- and 2-bedroom units, with in-place rental income and the potential to further enhance returns through continued interior upgrades. The complex offers a full amenity package including controlled access entry, gated parking, a pool and sundeck, elevator, on-site laundry, and central A/C & heating. Several units have been updated with modern finishes, while others offer immediate upside through renovations. Centrally located in the San Fernando Valley, the property benefits from proximity to major transportation corridors (405 & 170 freeways), employment centers, retail, and public transit. The asset is also within walking distance to schools and daily conveniences.

FOR SALE DETAILS

PRICE

$8,350,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

40

PRICE/UNIT

$208,750

CAP RATE

5.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Langdon Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,874 SF

ZONING

R3

APN/PARCEL ID

2654-037-019

ASK ABOUT THIS PROPERTY

Grady LiuMacroReal CommercialMore Info
626-407-7701

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

Grady LiuMacroReal CommercialMore Info
626-407-7701

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