Residential Income, Mid-century - VAN NUYS, CA

A well located 6-unit, two-story apartment building located in the desirable community of Valley Glen. It is 100% occupied with low rents which presents upward income potential. This apartment building sits on a quiet residential street and is near transportation and great shopping. The building has a three-year new roof and a two-year new central water heater. The property includes six parking spaces and a separate on-site laundry room. There is additional monthly income from a garage rental and a laundry facility. There are no Section 8 tenants in the building. Additionally, the seismic retrot work has just been completed and, through the Seismic Cost Recovery Program, a buyer can look forward to receiving approximately $54 per tenant, per month which equates to approximately $38,880 over 10 years.