6661 Sepulveda Boulevard

Van Nuys, CA 91411

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$975,000

6.17%

10.66

6,843

7,719

1955

7

$139,286

$142

Deal Highlights
  • Sold at 98% of List Price

  • Multiple Offers

  • Entered Escrow Non Contingent

  • 1031 Exchange Buyer

Asset Highlights
  • Great Unit Mix

  • Individually Metered for Water, Gas, and Electricity

  • Multiple Parking Spaces

  • Bright and Spacious Units

  • Dense Rental Pocket of Van Nuys

  • Wall Mounted and Central Air Conditioning Units

  • Located Near Many Employers

Property Description

The subject property is located on 6661 Sepulveda Boulevard between Victory Boulevard and Vanowen Street in the city of Van Nuys. This well-maintained and well-operated, rent controlled, seven-unit apartment building was built in 1955.The unit mix consists of four one-bedroom/one-bathroom units and three two-bedroom/one-bathroom units.

Amenities include ample parking and on-site laundry services. The subject property is within walking distance of local eateries and shopping centers as well as within minutes of the 101 and 405 freeways.

THE FRYDMAN GROUP

Commercial Real Estate

Meir Mark Frydman

Managing Director

National Multi Housing Group

National Land Group

  • LinkedIn - White Circle
CONTACT

2701 Ocean Park Blvd#140

Santa Monica, CA 90405

Direct: (310)300-4844

Fax: (818)975-5319

Email: info@frydmangroup.com

www.FrydmanGroup.com

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