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13227 Oxnard St 6 Unit Apartment Building $1,349,000 ($224,833/Unit) 5.04% Cap Rate Van Nuys, CA 91401
Investment Highlights
- Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen
- The property is a short walk from Los Angeles Valley College creating a strong appeal fro students, faculty, and local professionals alike.
- Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand.
- only $220,000 per unit and $260,000 per foot for six 2 bedroom units.
- Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting.
Executive Summary
Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $220,000 per unit and $260,000 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 $2,200
Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.
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 $2,200
Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.
Property Facts
| Price | $1,349,000 | Apartment Style | Low-Rise |
| Price Per Unit | $224,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.04% | Building Size | 5,184 SF |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $1,349,000 |
| Price Per Unit | $224,833 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Gross Rent Multiplier | 12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,184 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,468 | 860 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2331-029-002 | Improvements Assessment | $562,300 |
| Land Assessment | $947,036 | Total Assessment | $1,509,336 |
Property Taxes
Parcel Number
2331-029-002
Land Assessment
$947,036
Improvements Assessment
$562,300
Total Assessment
$1,509,336
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13227 Oxnard St