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Listed by Alen Arutyunyan • LEAD Realty & Lending
$ 2,650,000
Est. payment | /mo
7,502 Sqft Lot
$ 2,650,000
Est. payment | /mo
7,502 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB25090990
Year Built 1991
Lot Size 7,502 Sqft
Source California Regional MLS
Property Description
Rare investment opportunity with huge upside in rents: Five individually parceled 3-Bed / 2.5-Bath Condominiums built in 1991, each with its own APN (2237-021-026, 2237-021-027, 2237-021-028, 2237-021-029, 2237-021-030) and featuring attached 2-car garages with direct access, private balconies, in-unit washer/dryer hookups, dishwashers, and central HVAC. Per ZIMAS, these units are not subject to RSO rent control and not subject to AB1482 (individually owned condos, not held by a corporation or trust). All units are individually metered for electric and gas and have their own water heaters. One unit has been fully remodeled, leaving four units primed for value-add cosmetic upgrades, creating excellent potential for strong cash flow, renovation upside, and multiple exit strategies.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Heating Central Forced Air
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces, Carport , Private / Exclusive, Garage, Gate / Door Opener
Garage Spaces 5.0
Pool None
Building
Sewer Sewer Available
Water District - Public
Others
Tax ID 2237021026
Special Listing Condition Not Applicable
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