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16037 Gault St 5 Unit Apartment Building $1,400,000 ($280,000/Unit) Van Nuys, CA 91406
Investment Highlights
- Very large lot, near all transportation. Great candidate for ADU and additions.
Executive Summary
Well maintained 5 units on an over 10,500 square feet lot perfect for ADU and other additions. Property had 5 attached garages plus lots of surface parking that would make this property perfect for expansion. Always occupied and easy to maintain.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$95,988
|
$26.15
|
| Other Income |
$360
|
$0.10
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$96,348
|
$26.25
|
| Taxes |
$15,750
|
$4.29
|
| Operating Expenses |
$16,500
|
$4.49
|
| Total Expenses |
$32,250
|
$8.79
|
| Net Operating Income |
$64,098
|
$17.46
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $95,988 |
| Annual Per SF | $26.15 |
| Other Income | |
|---|---|
| Annual | $360 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $96,348 |
| Annual Per SF | $26.25 |
| Taxes | |
|---|---|
| Annual | $15,750 |
| Annual Per SF | $4.29 |
| Operating Expenses | |
|---|---|
| Annual | $16,500 |
| Annual Per SF | $4.49 |
| Total Expenses | |
|---|---|
| Annual | $32,250 |
| Annual Per SF | $8.79 |
| Net Operating Income | |
|---|---|
| Annual | $64,098 |
| Annual Per SF | $17.46 |
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 3,671 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 4.09/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RD1.5-1, Los Angeles - Multiple Dwelling | ||
| Price | $1,400,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,671 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 4.09/1,000 SF |
| Zoning | RD1.5-1, Los Angeles - Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,579 | - |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 2224-004-044 | Total Assessment | $452,032 |
| Land Assessment | $210,949 | Annual Taxes | $15,750 ($4.29/SF) |
| Improvements Assessment | $241,083 | Tax Year | 2025 |
Property Taxes
Parcel Number
2224-004-044
Land Assessment
$210,949
Improvements Assessment
$241,083
Total Assessment
$452,032
Annual Taxes
$15,750 ($4.29/SF)
Tax Year
2025
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16037 Gault St
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