14553 Hartland Street,Van Nuys, CA 91405
Van Nuys, CA 91405
Description
Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two parcel property with address of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals +/-12,241 square feet on a +/-14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,750,000 at a fixed 3.38% interest rate until June 1st, 2027. Upon assumption, the monthly payment will be approximately $8,433. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.
Details
| MLS# | P1-21220 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 43 |
| Listing Provided By | Keller Williams Realty (626) 204-3300 | Casey Picard |
Features
| SQ Feet | 12,241 |
|---|---|
| Car Port | Yes |
| Units | 17 |
| Building(s) | 2 |
| Acreage | 0.34 |
| Property View | None |
Market Activity 91405
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Van Nuys |
| Zip Code | 91405 |
| Area | VN Van Nuys |
| Community Name | Not Applicable |
| Listing VS Median (in Not Applicable) | |
Price: $3,500,000 low | high Med: $25,000 SqFt: 12,241 low | high Med: 1,395 $ / SqFt: $286 low | high Med: $18 On site: 43 low | high Med: 49.000000 | |