1 - 6562 Sylmar Avenue
1 - 6562 Sylmar Avenue

2 - 6562 Sylmar Avenue
2 - 6562 Sylmar Avenue

6 - 6562 Sylmar Avenue
6 - 6562 Sylmar Avenue

1 - 6562 Sylmar Avenue
1 - 6562 Sylmar Avenue

1/6

6562 Sylmar Avenue

Van Nuys, CA 91401

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$2,000,000

4.00%

14.80

9,029

7,453

2002

7

$285,714

$221

Deal Highlights
  • Sold at 100% of List Price

  • Multiple Offers

  • 1031 Exchange Buyer

Asset Highlights
  • New Construction

  • Significant Upside in Rents

  • Non Rent Controlled

  • Great Unit Mix - Five 3 Br / 2 Bath & Two 2 Br /2 Bath

  • Turn Key Property

  • Well Maintained Exterior, Roof and Landscaping

  • Central Air and Heat

  • Building Has Been Bolted to Foundation

Property Description

The Frydman Group is pleased to present for sale a 7-unit apartment building on 6562 Sylmar Avenue, in the city of Van Nuys. The property was built in 2002 and is non rent controlled.

 

The unit mix consists of five three-bedroom/two-bathroom units and two two-bedroom/two-bathroom units. The property has many amenities that attract tenants to the property such as garage parking/storage, central air and heat, intercom entry, and remodeled units with granite counter tops, newer light fixtures, bathroom vanities, and new flooring.

This is an opportunity to own a turn-key 7 unit apartment building in a great Van Nuys location with tremendous upside in rents as units turn.