A rare opportunity to acquire a 31-unit apartment building located at 14534 Saticoy Street in Van Nuys, California - a dynamic submarket within the San Fernando Valley. The Property is well-maintained and features an attractive mix of bachelor, studio, and one-bedroom units. Twenty-one units have been renovated to include upgraded kitchen countertops, appliances, new flooring, new cabinets, bathrooms and fixtures. Stable occupancy history and strong recent leasing activity demonstrate a path to a rental upside and improving cash flows going forward.
| MLS # | 26693503 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 185 |
| Listing Provided By | CB Richard Ellis, Inc. | Kadie Presley |
| SQ Feet | 15,136 |
|---|---|
| Story(s) | 2 |
| Units | 31 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.49 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Cooktop, Refrigerator |
| Security Features | Gated Community, Smoke Detectors |
|---|
| Parking Features | Controlled Entrance |
|---|
| Community Features | Gated, Pool |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $4,900,000 low | high Med: $2,525,000 sqft: 15,136 low | high Med: 7,874 $ / sqft: $324 low | high Med: $321 On site: 185 low | high Med: 130 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Listing VS Median (in 91405) | |
Price: $4,900,000 low | high Med: $2,525,000 sqft: 15,136 low | high Med: 7,874 $ / sqft: $324 low | high Med: $321 On site: 185 low | high Med: 130 | |