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7-unit apartment in Van Nuys! 14317 Haynes St 7 Unit Apartment Building $1,750,000 ($250,000/Unit) 5.32% Cap Rate Van Nuys, CA 91401
INVESTMENT HIGHLIGHTS
- 3 Units fully renovated
- Laundry Area
- New Roof Plumbing Water Heater
EXECUTIVE SUMMARY
7-unit apartment in Van Nuys! Unit mix is 4 (2bed + 2bath) and 3 (1bed +1bath). The building has New Plumbing, New Roof, New Water Heater, and 3 of the 7 units were recently fully remodeled. The building offers 7 parking spaces and has undergone earthquake retrofitting. Total annual rental income is approximately $150,000, providing strong cash flow potential with room for upside.The surrounding area is experiencing significant growth and development, enhancing its appeal to tenants and investors alike. Notably, a 174-unit mixed-use project is nearing completion at 6569 Van Nuys Boulevard, featuring retail spaces and amenities The Registry SoCal Real Estate. Additionally, a 44-unit mixed-use development is planned at 14600 Victory Boulevard, offering apartments and retail space Urbanize LA. These projects contribute to the neighborhood's revitalization and increased demand for housing.With ongoing infrastructure improvements and a growing community, this is a rare opportunity to invest in a well-maintained property in a high-demand area.
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.32% | Building Size | 6,009 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | LAR3 - R3-1 & Tier 3 TOC | ||
| Price | $1,750,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,009 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | LAR3 - R3-1 & Tier 3 TOC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Laundry Service
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 800 |
| 2+1 | 4 | - | 930 |
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2237-012-016 | Improvements Assessment | $513,136 |
| Land Assessment | $669,309 | Total Assessment | $1,182,445 |
PROPERTY TAXES
Parcel Number
2237-012-016
Land Assessment
$669,309
Improvements Assessment
$513,136
Total Assessment
$1,182,445
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7-unit apartment in Van Nuys! | 14317 Haynes St
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