14770 Erwin Street

    Van Nuys, CA 91411
    • $1,375,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: SR19116744
    Price Reduced
    UPDATED: 24 min ago
    $1,375,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,672
      SQFT
    • $206
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are pleased to present well maintained 8 units building with at least 35% below market rents. Subject property is located in a very strong rental area of Van Nuys. The units have very low rents and therefore never a vacancy, Some units have balconies. Newer sewer line with 10 years warranty, 3 year old roof at the cost of $26,000 with warranty. Long driveway was resurfaced last year. Laundry room in the building, Please note this is a rent control building with Tucked under parking which requires soft retrofitting . solid rental area and close to all. It is close proximity to all and provide lots of convenience to tenants.This building offers very low price/unit and low cost per square footage, A great investment property.The subject building is a rent control building. It is close proximity to all and provide lots of convenience to tenants.PLEASE DIVE BY ONLY . Will not last. plenty of upside in rent . Ideal exchange propertyPLEASE SEE ATTACHED PROPERTY SET UP SHEET.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T09:31:44.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94973948

    14770 Erwin Street Van Nuys, CA 91411

    • Price: $1,375,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: SR19116744
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,672
    SQFT
    $206
    $/SQFT
    1962
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    We are pleased to present well maintained 8 units building with at least 35% below market rents. Subject property is located in a very strong rental area of Van Nuys. The units have very low rents and therefore never a vacancy, Some units have balconies. Newer sewer line with 10 years warranty, 3 year old roof at the cost of $26,000 with warranty. Long driveway was resurfaced last year. Laundry room in the building, Please note this is a rent control building with Tucked under parking which requires soft retrofitting . solid rental area and close to all. It is close proximity to all and provide lots of convenience to tenants.This building offers very low price/unit and low cost per square footage, A great investment property.The subject building is a rent control building. It is close proximity to all and provide lots of convenience to tenants.PLEASE DIVE BY ONLY . Will not last. plenty of upside in rent . Ideal exchange propertyPLEASE SEE ATTACHED PROPERTY SET UP SHEET.
    Exterior Features

    Garage Spaces 0.00 Lot Features Utilities - Overhead Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Street Lights Country Us Electric Expense 10000.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 1200.00 Gross Scheduled Income 91920.00 Insurance Expense 3500.00 Land Lease YN No Laundry Income 1200.00 Laundry YN Yes Net Operating Income 47303.00 New Construction YN No New Taxes Expense 18117.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 8 Operating Expense 44617.00 Operating Expense Percent 48.00 Professional Management Expense 3000.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7560.00 Total Expenses 44617.00 Trash Expense 2500.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Amir Ladjevardi of White House Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T09:31:44.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024