We are pleased to offer this nine unit investment opportunity, located in the City of Van Nuys. The unit mix consists of three 1+1 units and six 2+2 units. The investment consists of approximately 7,645 of rentable square feet and is situated on an approximately 10,935 square foot parcel. Property upgrades include a new surveillance system, new exterior paint, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with ten total spaces, a large storage room with potential to be converted to an ADU, a secured gated entry, and the property is separately metered for both gas & electricity. The property is not subject to the City of Los Angeles RSO, however it is subject to rent control under AB 1482, which allows rent increases of 5% plus local CPI. The property is in compliance with the Los Angeles Soft-Story Retrofit Program.

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Updated: 24th September, 2023 2:58 PM (UTC)

Listing Agent: Griffin White

Listing Office: BRC Advisors- BH