5915 Hazeltine AVE Active Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91401
Key Details
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 2,965 sqft
Price per Sqft $436
MLS Listing ID CV24202513
HOA Y/N No
Year Built 1937
Lot Size 6,046 Sqft
Acres 0.1388
Property Description
We are proud to present this 7-unit apartment building in an excellent Van Nuys location mere blocks from Sherman Oaks. The property is subject to LACity Rent Control. There is an excellent unit mix that includes (1) 3 bedroom and 2 bath one story apartment home with private yard and (6) single units. Residents enjoy parking as well as on-site laundry facility. The property is minutes from the Sheman Oaks Recreation Center and Westfield Fashion Square. Access to the 101 and 405 Freeway's is nearby, which provides easy access to the surrounding area and job opportunities. This is a great opportunity to own a well-located building with great upside potential and exellent cap rate!!
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Confidential INFO
TERMS Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
PRIVATE REMARKS The single units provide excellent opportunity for quicker turn overs providing opportunity to keep up with market rents as well higher allowable rent increases due to master meters for single units (buyer to verify). Projecting GRM of 11.00 and cap of 5.60 with next rent increase (buyer to verify)
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Ken Mazanians
SHOW CONTACT PH 9096309342
SHOW INSTRUCTIONS By Appointment with Listing Agent with accepted offer.