CA > Van Nuys
Van Nuys, CA 91405,6716 Sylmar AVE
Van Nuys, CA 91405,6716 Sylmar AVE
Van Nuys, CA 91405,6716 Sylmar AVE
Van Nuys, CA 91405,6716 Sylmar AVE
Van Nuys, CA 91405,6716 Sylmar AVE
Van Nuys, CA 91405,6716 Sylmar AVE
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Kari Wheeler

Kari Wheeler

+1(530) 693-1777
$ 3,700,000
Est. payment | /mo

24 Beds

24 Baths

9,996 SqFt

Save
$ 3,700,000
Est. payment | /mo
Save

24 Beds

24 Baths

9,996 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,996 sqft

Price per Sqft $370

MLS Listing ID 25501183

Bedrooms 24

HOA Y/N No

Year Built 1984

Lot Size 10,781 Sqft

Property Description

We are pleased to present for sale the 12-unit multifamily property located at 6716 Sylmar Avenue in Van Nuys, California. Built in 1984, the property is not subject to LA Rent Control (RSO) and is governed only by AB 1482, allowing annual rent increases The property features 12 two-bedroom, two-bathroom units, each approximately 833 square feet, with easy-to-manage family tenants in nearly all units. The property has a gated and controlled entrance, 24 total parking spaces (12 tandem), central heating and air, an onsite laundry room with two washers and two dryers (machines are leased), and 12 large storage closets. Importantly, the tuck under parking is exempt from the city's mandatory seismic retrofit program because the property was built in the 1980s. With upside in rents, this property offers a great opportunity to acquire a well-positioned asset in an up-and-coming area with good value-add potential. Thoughtfully maintained by the current ownership for over 20 years, recent improvements include a GE Enduris silicone-coated roof, repaired copper plumbing, and replaced air conditioners and heaters in select units. The property's strategic location in a budding pocket of Van Nuys benefits greatly from nearby new construction and proximity to key amenities. With no seismic retrofitting required and a significant rental upside, this investment presents a compelling opportunity for investors looking to capitalize on value-add potential and steady tenant demand.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Garage, Tandem

Community Features Gated

Total Parking Spaces 24

Building

Story 2

Entry Level Multi/Split

Foundation Slab

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2237003043

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Filip Niculete • Marcus & Millichap
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6716 Sylmar AVE