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
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Sold at 98% of List Price
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Multiple Offers
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Entered Escrow Non Contingent
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1031 Exchange Buyer
Asset Highlights
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Great Unit Mix
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Individually Metered for Water, Gas, and Electricity
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Multiple Parking Spaces
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Bright and Spacious Units
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Dense Rental Pocket of Van Nuys
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Wall Mounted and Central Air Conditioning Units
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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.
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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.