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14643 Friar St 6 Unit Apartment Building $1,375,000 ($229,167/Unit) 4.48% Cap Rate Van Nuys, CA 91411
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $229,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.48% | 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
|
| Zoning | LAR3 - Multiple Dwelling , Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $1,375,000 |
| Price Per Unit | $229,167 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| 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 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2241-003-012 | Improvements Assessment | $513,136 (2025) |
| Land Assessment | $769,706 (2025) | Total Assessment | $1,282,842 (2025) |
Property Taxes
Parcel Number
2241-003-012
Land Assessment
$769,706 (2025)
Improvements Assessment
$513,136 (2025)
Total Assessment
$1,282,842 (2025)
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14643 Friar St
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