$2,900,000
$2,988,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 02/16/2022
Key Details
Sold Price $2,900,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22001756
Sold Date 02/16/22
HOA Y/N No
Year Built 1985
Lot Size 0.326 Acres
Property Description
Look at this 1985 Construction property on Victory Boulevard in the Valley Glen area of the San Fernando Valley. The building has large units some of which are townhouse style, a great unit mix of 6- 1's, and 5- 2's, and adequate parking. It's individually metered for gas and electricity and has central air/ heat providing a home style feel for its tenants. This property provides the next owner tremendous upside in rents creating the opportunity to add value to the asset. Based on the year built, the building is not subject to the Los Angeles RSO and is only subject to the California AB 1482 statewide mandate. The property is near shops, restaurants, and all that the SFV has to offer. This value-add asset will fit nicely in all sized portfolios.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2329016013
Energy Description 278.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Justin McCardle GIG Real Estate Inc.
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”