Price Reduction: 7 Units in Van Nuys

Cindy Hill of Equity Union Commercial is proud to represent this 7 unit property in Van Nuys. At $1,400,000, it is 200k per unit and a 4.72 CAP and 12.49 GRM.

The property has an excellent unit mix, consisting of (1) studio, (4) 1+1 units, (1) 2+1 unit, and (1) 3+2 unit, and has tremendous upside in rents. All tenants paid during Covid and the seismic retrofitting has been completed. The property features a new roof (2018), repaired driveway, repaired stairway, and a new sewer line connect to the city line; copper repipe has been completed, new pressure regulator installed, and it features a 100 gallon water heater.

Please email Cindy at?[email protected]?for a complete offering memorandum.