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Key Details
Sold Price $5,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 44,376 sqft
Price per Sqft $129
MLS Listing ID 14779877
Sold Date 11/25/14
HOA Y/N No
Year Built 1964
Lot Size 0.747 Acres
Property Description
Recent Major Capital Improvements Include:New RoofNew Copper PlumbingNew Solar System Installed on the Roof which will Reduce Utility CostsNew Elevator System InstalledRe-Plastered Pool & New Pool DeckLarge Unit Sizes with a mix of approximately 50% Two & Three Bedroom UnitsAll Two & Three Bedroom Units have Two Bathrooms EachAt Least 12% Rent Upside PotentialMany Units have been Upgraded with Tile Flooring ThroughoutVery Low Cost per Foot of $134.08 (based on gross square footage per assessor)Laundry Facility On-Site that Generates Additional Income for the PropertyNo Major Deferred Maintenance & Continually Lowering Operating CostsWith Upgraded Major Systems, Every Dollar Invested by a New Owner can go Directly Towards Improvements that will Increase RentsBuilt in 1964 with a Gross Building Square Footage of 44,376 & Lot Size of 0.75 AcresCurrently 39 Units, with a Storage Room currently being Permitted as the 40th Unit
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Cooling Central Air
Fireplace No
Laundry See Remarks
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 54
Building
Story 3
Others
Tax ID 2654037019
Special Listing Condition Standard
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Bought with Grady Liu • MacroReal Inv Grp Inc.
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