6924 Vesper Ave | Van Nuys, CA 91405
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- LoopNet Team
6924 Vesper Ave
Van Nuys, CA 91405
1991 Built | 2 BR Townhouses | 5.37% CAP · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- Constructed in 1991 and Not Subject to Los Angeles Rent Control – Higher Allowable Annual Rent Increases
- Attractive Current 5.37% CAP Rate with Rent Upside
- One Block from Upcoming East San Fernando Valley Light Rail Transit Depot
- All Two-Bedroom Townhouse-Style Units with Spacious Floorplans – 13,961 Rentable Square Feet Spread Across 14 Units
- Excellent Opportunity to Add Value – Current Rents Approximately 21% Below Market
- Ample Parking – Two Parking Spaces per Unit
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 13,961 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Zoning | R3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 13,961 SF |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- High Speed Internet Access
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 14 | $2,125 | 975 |
PROPERTY TAXES
| Parcel Number | 2219-026-065 | Improvements Assessment | $1,640,000 |
| Land Assessment | $2,460,000 | Total Assessment | $4,100,000 |
PROPERTY TAXES
Parcel Number
2219-026-065
Land Assessment
$2,460,000
Improvements Assessment
$1,640,000
Total Assessment
$4,100,000
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