6823-6827 Hayvenhurst Avenue
Van Nuys, CA 91406
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Sold at 93% of List Price
1031 Exchange Buyer
10 Units in a Great Van Nuys Location
Significant Upside in Rents
70 Percent of Units Remodeled with Granite Counters, New Light Fixtures, New Bathroom Vanities, New Flooring, and Dual Pane Windows
Plenty of Parking with Nine to Ten Open Spaces and Four
Turn Key Property
Well Maintained Exterior, Roof and Landscaping
Central Air and Heat
Building Has Been Bolted to Foundation
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.