Residential Income, Mid-century - VAN NUYS, CA


About This Listing

$1 479 000
Contract type: 

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.

General amenities

  • Air conditioning
  • Balcony
  • Bedding
  • Cable TV
  • Cleaning after exit
  • Cofee pot
  • Computer
  • Cot
  • Dishwasher
  • DVD
  • Fan
  • Fridge
  • Grill
  • Hairdryer
  • Heating
  • Hi-fi
  • Internet
  • Iron
  • Juicer
  • Lift
  • Microwave
  • Oven
  • Parking
  • Parquet
  • Radio
  • Roof terrace
  • Smoking allowed
  • Terrace
  • Toaster
  • Towels
  • Use of pool
  • Video