Detailed Introduction Of This Home
Well maintained 8 unit apartment building centrally located in Van Nuys. New roof installed in 2017. Assumable financing at 3.67% interest only for 3.5 more years until 2027. Great unit mix of (4) two bedrooms and (4) one bedroom units. Value-add opportunity with approx. 30% upside in rents. Select units have been renovated with updated kitchens, bathrooms, windows, and floors. Strong cash on cash return day one. Fully parked with a secured parking lot (no retrofit needed). City of Los Angeles allows for a 7% rent increase starting Feb. 2024. Contact listing agent for offering memorandum.