*Financial Metrics* - 5.25% Cap Rate, 10.86 GRM, 110% Upside. Potential to reach a 9.01% Cap Rate post-ADU addition. *Property Features* - All one bedrooms may be converted into two bedrooms. Two units are currently delinquent on rent and have been served 3-Day Notices. Buyer will assume responsibility for any… Read More eviction, providing the opportunity to convert and re-rent these units at higher market rates. Plans will be provided. *ADU Potential* - Add one ADU in the tuck-under parking area by restriping parking against the rear wall unlocking additional income and value. *Unit Mix* - 6 total units: 5 (1+1) and 1 (3+2) that is currently vacant. *Location Benefits* - Located less than half a mile from the current Orange Line Transit Stop and future Van Nuys East Valley Rail Line hub a major transit expansion linking the Valley with the greater LA region. *Walk Score* - Very Walkable 78 Walk Score. Most errands can be accomplished on foot. *Owner Occupy* - The spacious 3+2 unit is currently vacant, offering flexibility for owner-users or immediate lease-up for investors. Read Less
Courtesy of Houze Real Estate Management 323-852-1372
Listing Snapshot
Days Online
291
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,060
Lot Size
0.14 Acres
Year Built
1957
MLS Number
25545333
30 Days Snapshot Of 91401
$1.11M
-21%
(avg) sold price
7
+133%
homes sold
38
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
5,060 sq ft, Built in 1957, Levels: Two
Cooling
Window Unit(s)
Disclosures
None
Garage
Carport Attached
Heating
Wall
Lot
LotAcreage: 0.1435, LotSizeArea: 6,250
Parking
TotalParking: 8
Property
NumberOfUnits: 6, Zoning: LAR3
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