6711 Haskell Ave | Van Nuys, CA 91406
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- LoopNet Team
6711 Haskell Ave
Van Nuys, CA 91406
Multifamily Property For Sale
·
15 Units
INVESTMENT HIGHLIGHTS
- A 10,990 sf 15-unit value-add investment opportunity in Lake Balboa, Van Nuys located at 6711 Haskell Ave
- A desirable unit mix of three singles, eight spacious one-bedrooms, three two-bedrooms and one three-bedroom
- separately metered for both gas and electricity, there is also a community laundry room with washers and dryers on-site
- Steady in-place cash flow at a 4.18% CAP rate on current income with over 39% rental upside
- 14 gated parking spaces and the ownership has completed the soft story retrofit work
- Below market rents and little deferred maintenance will allow an investor to capitalize on the rental upside
PROPERTY FACTS
| No. Units | 15 | Building Size | 10,990 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.27/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | RD1.5-1-RIO | ||
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 10,990 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | RD1.5-1-RIO |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 500 |
| 1+1 | 8 | - | 750 |
| 2+1 | 2 | - | 900 |
| 2+2 | 1 | - | 950 |
| 3+2 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 2233-001-032 | Improvements Assessment | $2,125,000 |
| Land Assessment | $1,144,000 | Total Assessment | $3,269,000 |
PROPERTY TAXES
Parcel Number
2233-001-032
Land Assessment
$1,144,000
Improvements Assessment
$2,125,000
Total Assessment
$3,269,000
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