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Auction - 2-Unit Value-Add Duplex 16021 Olympiad Ln 2 Unit Apartment Building $615,000 ($307,500/Unit) Van Nuys, CA 91406
INVESTMENT HIGHLIGHTS
- Fully-leased duplex with long term tenants
- Individually metered, tenants pay electric/gas
- Rent Roll and Income/Expense documents available on request
- Below market rents
- Just minutes off 405 Fwy near Vanowen and Woodley
EXECUTIVE SUMMARY
Auction - List price is opening bid; 5% Buyer's Premium; Online bidding ends November 6th; Property sold "as-is"; see Property Information Package for complete terms of sale
PROPERTY FACTS In Escrow
| Price | $615,000 | Lot Size | 0.16 AC |
| Price Per Unit | $307,500 | Building Size | 2,320 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Building Class | C |
| Price | $615,000 |
| Price Per Unit | $307,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,320 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.72/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | - |
| 2+1.5 | 1 | - | - |
1 1
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Auction - 2-Unit Value-Add Duplex | 16021 Olympiad Ln
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