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14646 Kittridge St 5 Unit Apartment Building $1,295,000 ($259,000/Unit) 6.45% Cap Rate Van Nuys, CA 91405
Investment Highlights
- Excellent unit mix consisting of two studios, two 1-bedroom units and a 4-bedroom single family home!
- Centrally Located east of the 405 Freeway and north of the 101 Freeway!
- New Roof and Electrical Throughout!
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present 14646 Kittridge St, a five-unit multifamily investment opportunity situated in the Van Nuys submarket of the San Fernando Valley, benefiting from strong rental demand and convenient access to major freeways.
14646 Kittridge St offers a compelling value-add multifamily opportunity in the heart of Van Nuys, a central and supply-constrained San Fernando Valley submarket. The five-unit property sits on a 7,500 SF LARD1.5-zoned lot and features a highly desirable unit mix of two studios, two one-bedroom units, and a four-bedroom single-family residence, providing diversified income and broad tenant appeal.
Recent capital improvements, including a new roof and upgraded electrical, along with separately metered electricity, enhance operational efficiency and reduce near-term capital needs. In-place rents remain below market, creating a clear path to value creation through rent repositioning and interior upgrades.
Strategically located east of the 405 Freeway and north of the 101 Freeway, with close proximity to Ventura Boulevard amenities, 14646 Kittridge St presents investors with an executable value-add opportunity and meaningful long-term NOI growth potential.
14646 Kittridge St offers a compelling value-add multifamily opportunity in the heart of Van Nuys, a central and supply-constrained San Fernando Valley submarket. The five-unit property sits on a 7,500 SF LARD1.5-zoned lot and features a highly desirable unit mix of two studios, two one-bedroom units, and a four-bedroom single-family residence, providing diversified income and broad tenant appeal.
Recent capital improvements, including a new roof and upgraded electrical, along with separately metered electricity, enhance operational efficiency and reduce near-term capital needs. In-place rents remain below market, creating a clear path to value creation through rent repositioning and interior upgrades.
Strategically located east of the 405 Freeway and north of the 101 Freeway, with close proximity to Ventura Boulevard amenities, 14646 Kittridge St presents investors with an executable value-add opportunity and meaningful long-term NOI growth potential.
Financial Summary (Actual - 2025) 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
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,295,000 | Building Class | C |
| Price Per Unit | $259,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,252 SF |
| Cap Rate | 6.45% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.39 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1936/2003 |
| Property Type | Multifamily | Parking Ratio | 1.41/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD 1.5 - Residential | ||
| Price | $1,295,000 |
| Price Per Unit | $259,000 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Gross Rent Multiplier | 10.39 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,252 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1936/2003 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD 1.5 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Eat-in Kitchen
- Range
- Views
- Yard
Site Amenities
- Fenced Lot
- Laundry Facilities
- Pet Play Area
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,032 | 270 - 310 |
| 1+1 | 2 | $1,730 | 544 - 628 |
| 4+4.5 | 1 | $4,860 | 2,500 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 2236-012-010 | Improvements Assessment | $584,842 |
| Land Assessment | $722,519 | Total Assessment | $1,307,361 |
Property Taxes
Parcel Number
2236-012-010
Land Assessment
$722,519
Improvements Assessment
$584,842
Total Assessment
$1,307,361
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14646 Kittridge St
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