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Friar O-Zone Property 14846 Friar St 6 Unit Apartment Building $2,900,000 ($483,333/Unit) 4.80% Cap Rate Van Nuys, CA 91411
INVESTMENT HIGHLIGHTS
- High-end finishes, including Samsung refrigerators and dishwashers
- Parking: 12 spaces, 2 parking spaces per unit
- NON-Rent Control
- Spacious 2 bed and 2 bath units with an abundance of natural light
- Located within an Opportunity Zone
- Walk Score: 79
EXECUTIVE SUMMARY
SVN proudly presents this exceptional six-unit multifamily property located at 14846 Friar Street, Van Nuys, CA 91411. Situated just south of the Victory Boulevard and Kester Avenue intersection, this meticulously crafted six-unit property comprises all two-bedroom, two-bathroom residences, each averaging over 1,000 square feet.
The units showcase high-end finishes, including Samsung refrigerators and dishwashers. The building features two levels, with three units on each floor, and provides two parking spaces per unit. Residents can also enjoy a communal space on the south side of the building, as well as a convenient laundry room equipped with two washers and two dryers. A lift provides accessibility to the first floor or residents and guests.
Property is also strategically located within an Opportunity Zone, a designated economic development area designed to stimulate economic growth and job creation in low-income communities.
The units showcase high-end finishes, including Samsung refrigerators and dishwashers. The building features two levels, with three units on each floor, and provides two parking spaces per unit. Residents can also enjoy a communal space on the south side of the building, as well as a convenient laundry room equipped with two washers and two dryers. A lift provides accessibility to the first floor or residents and guests.
Property is also strategically located within an Opportunity Zone, a designated economic development area designed to stimulate economic growth and job creation in low-income communities.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $2,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $483,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.80% | Building Size | 7,425 SF |
| Gross Rent Multiplier | 14.28 | No. Stories | 2 |
| No. Units | 6 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 1.62/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3-1 - Medium-Density Residential Zone | ||
| Price | $2,900,000 |
| Price Per Unit | $483,333 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 14.28 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,425 SF |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 1.62/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-1 - Medium-Density Residential Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
- Island Kitchen
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,000 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 2241-008-011 | Improvements Assessment | $1,415,984 (2025) |
| Land Assessment | $943,642 (2025) | Total Assessment | $2,359,626 (2025) |
PROPERTY TAXES
Parcel Number
2241-008-011
Land Assessment
$943,642 (2025)
Improvements Assessment
$1,415,984 (2025)
Total Assessment
$2,359,626 (2025)
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Friar O-Zone Property | 14846 Friar St
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