Pleased to present the opportunity to acquire 14410 Valerio Street, a 31-unit value-add opportunity located in Van Nuys, one of the most densely populated urban infill communities within the San Fernando Valley.
The property features 19,404 square feet of gross rentable area, situated on a large 30,080-square foot lot. Built in 1956, 14410 Valerio Street is a 31-unit apartment community composed of 30 one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. The property offers residents on-site laundry facilities, controlled building access and ample gated parking.
Van Nuys ranks among the San Fernando Valley’s most densely populated urban infill communities: A population of nearly 793,000 within a five-mile radius is forecasted by 2022. Proximity to key employment centers, nearby entertainment venues, ready freeway access, and outdoor recreation amenities combine to make Van Nuys an attractive submarket to live, work and play. Van Nuys boasts an excellent, central location within the western San Fernando Valley that is minutes away from employers, institutions of higher learning, shopping and dining in Sherman Oaks, Encino and Warner Center. Also within convenient driving distance are North Hollywood Arts District, Universal City, Burbank, Glendale, Pasadena, and Downtown Los Angeles.
This buying opportunity offers the rare ability to buy a mid-size, community with a true value-add component. Given the market’s ongoing and future growth, 14410 Valerio Street should be a top performing asset in any investor’s portfolio.
