$1,295,000
Van Nuys, CA 91401
12
Beds
6
Baths
5,184
Sq. Ft.
1953
Year Built
Los Angeles
County
ResidentialIncome
Property Type
Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $215,000 per unit and $250,000 per foot for six 2 bedroom units.This desirable Valley Glen neighborhood is one of San Fernando Valley's most convenient and established rental corridors. The property is a short walk from Los Angeles Valley College. creating a strong appeal fro students, faculty, and local professionals alike. Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting. Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand. The rental income has a lot of upside potential as the averge rent is only $1470 / these two bedrooms support rental income of $2,200Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.
$6,893/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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