6823-6827 Hayvenhurst Avenue
Van Nuys, CA 91406
SOLD
Property Summary
Price:
Cap Rate:
GRM:
Gross Sq Ft:
Lot Size:
Approx Year Built:
Units:
Price Per Unit:
Price Per Sq Ft:
$1,460,000
4.36%
13.05
6,816
11,518
1957
10
$146,000
$214
Deal Highlights
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Sold at 93% of List Price
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Multiple Offers
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1031 Exchange Buyer
Asset Highlights
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10 Units in a Great Van Nuys Location
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Significant Upside in Rents
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70 Percent of Units Remodeled with Granite Counters, New Light Fixtures, New Bathroom Vanities, New Flooring, and Dual Pane Windows
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Plenty of Parking with Nine to Ten Open Spaces and Four
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Two-Car Garages
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Turn Key Property
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Well Maintained Exterior, Roof and Landscaping
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Central Air and Heat
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Building Has Been Bolted to Foundation
Property Description
The Frydman Group is pleased to present for sale a 10-unit apartment building on Hayvenhurst Avenue just north of Vanowen Street. The property was built in 1957 and is subject to rent control.
The unit mix consists of six one-bedroom/one-bathroom units averaging approximately 600-square feet, two larger one bedroom/ one-bathroom units averaging approximately 700-square feet, and two two-bedroom/one-bathroom units averaging approximately 900-square feet.
The property has many amenities that attract tenants to the property such as garage parking/storage, two on-site laundry facilities, 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 10 unit apartment building in a great Van Nuys location with tremendous upside in rents as units turn.