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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

  • Sold at 93% of List Price

  • Multiple Offers

  • 1031 Exchange Buyer

Asset Highlights

  • 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

  • Two-Car Garages

  • 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 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.

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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.

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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.

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