Residential Income - Van Nuys, CA

The building has a beautiful new exterior which means the new owner can achieve higher rents as units turn. One unit has been 100% renovated and converted into a 2+1 unit with new plumbing, new kitchen, bathroom, floors, electrical, cooling and heating system. The 1+1s can all be converted into 2+1s by adding barn doors and the 3+2 may converted in to a 3+3 with in unit washer\/dryer allowing the owner to rent the unit by the room. Market rents are based on this conversion. Owner has available unit conversion plans which may be shared. New owner must do tuck under parking. Buyer has the ability to add a 7th unit by converting a portion of the tuck under parking to an ADU thus creating value while completing the tuck under retrofit which gives the property the potential for 93% upside in rents. One unit can be delivered vacant. Please contact us for an OM. Buyer shall be responsible for their own due diligence.