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Listed by: Michelle Pentreath (310) 904-9337 DRE #02003396 | Keller Williams Palos Verdes (310) 544-6100
$1,299,000
8 Beds
- 6 Baths
--sqft
14153 Sylvan, Van Nuys, CA 91401
$1,299,000
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Mixed Use
Built in 1948
$-- HOA
8,501 sqft lot
--/sqft
Description
Exceptional value-add and redevelopment opportunity at 14153 Sylvan St in Van Nuys. This 6-unit income-producing property is currently operating at approximately a 5% cap rate based on current financials.
Preliminary analysis indicates potential to add up to 7 additional units or redevelop the site to approximately 25 units (buyer to verify zoning, density, and development potential with the City of Los Angeles). Pro forma projections suggest cap rate could potentially increase to 6% + with expansion; all projections and assumptions to be independently verified by buyer.
Property will be delivered with tenants in place, providing immediate income. Tenancy reflec...
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1948
HOA Fees
-
Finished Area
- sqft
Lot Size
8,501 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26013940
MLS Status
Pending
Days on Market
130
Cumulative Days on Market
22
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