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14317 Friar St 8 Unit Apartment Building $2,750,000 ($343,750/Unit) 4.75% Cap Rate Van Nuys, CA 91401
Executive Summary
Introducing the prime investment opportunity located in the thriving Van Nuys area. This multifamily gem features a meticulously maintained 8,605 SF building, comprising 8 units ideal for savvy investors. Constructed in 2007, the property boasts modern amenities and a desirable low-rise/garden layout, perfectly suited for the sought-after multifamily market. Zoned LAR3, this investment offers flexibility and potential for expansion. The property’s strategic location in Van Nuys presents an attractive prospect with access to a growing rental market and strong demand for multifamily residences. Don't miss the chance to acquire this exceptional asset in a flourishing real estate landscape.
Property Facts
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $343,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.75% | Building Size | 8,605 SF |
| Gross Rent Multiplier | 13.46 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $2,750,000 |
| Price Per Unit | $343,750 |
| Sale Type | Investment |
| Cap Rate | 4.75% |
| Gross Rent Multiplier | 13.46 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 8,605 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 2007 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2240-012-028 | Improvements Assessment | $879,232 |
| Land Assessment | $1,318,852 | Total Assessment | $2,198,084 |
Property Taxes
Parcel Number
2240-012-028
Land Assessment
$1,318,852
Improvements Assessment
$879,232
Total Assessment
$2,198,084
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14317 Friar St