Apartments For Sale • 13,668 SF
| 14-unit value-add property located in Van Nuys, a suburban community in the San Fernando Valley. |
| Built in 1988, this property is not subject to the LA Rent Stabilization Ordinance (“RSO”), permitting annual rent inc. of ~5% + CPI (AB 1482) |
| Strategic interior and exterior renovations provide the opportunity for a subsequent buyer to capture a 10% loss-to-lease on rents |
| All units feature distinctive townhome-style layouts with private patios, commanding rent premiums compared to similar properties in the area |
| Close proximity to major employment hubs at Warner Center and Universal City, with convenient access to the 405 and 101 fwys and the Metro Orange Line |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 5 min | - | 2.6 mi |
| Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) | 12 min | - | 7.6 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 12 min | - | 6.7 mi |
| Los Angeles International | 28 min | - | 20.2 mi |