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14643 Friar St
Van Nuys, CA 91411
Multifamily Property For Sale
·
6 Units
Executive Summary
Well-maintained six-unit multifamily property located on a quiet residential street in the heart of Van Nuys. The two-story building features a desirable unit mix with spacious floor plans and strong long-term tenancy. Property amenities include on-site laundry, detached storage units in the rear, and recent balcony and patio improvements completed in compliance with city requirements. Conveniently situated near major employment hubs, shopping, dining, and recreational areas with easy access to freeways and public transportation. An attractive opportunity in an established infill neighborhood with limited new multifamily development.
Property Facts
| Price Per Unit | $232,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.42% | Building Size | 4,912 SF |
| Gross Rent Multiplier | 13.12 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 - Multiple Dwelling , Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price Per Unit | $232,500 |
| Sale Type | Investment |
| Cap Rate | 4.42% |
| Gross Rent Multiplier | 13.12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,912 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Multiple Dwelling , Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 2241-003-012 | Improvements Assessment | $513,136 |
| Land Assessment | $769,706 | Total Assessment | $1,282,842 |
Property Taxes
Parcel Number
2241-003-012
Land Assessment
$769,706
Improvements Assessment
$513,136
Total Assessment
$1,282,842
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