7317 Bakman Ave Multifamily 56% Upside in Rents
The Dantas Group of Peak Commercial, as exclusive agent , is pleased to provide the opportunity to acquire a solid 4 unit apartment building comprised of four two-bedroom, one bath apartments, located on a lot of 6,249 SF zoned LAR3. Considered large due to their 950 SF floorplans, these are highly desirable when being marketed. Each unit has an enclosed garage parking space, 100% permitted copper plumbing, individual water heaters, electric and gas meters, a true low cost to maintain. The grounds are water friendly landscaping, also designed to minimize the water expense to the owner. Great investment that offers 56% upside in the rents to market rates. The raised foundation and no "soft" stories causes this property to be earthquake retrofit exempt, therefore no large capital expenditure like other multifamily dwellings built before 1978 in the city of Los Angeles. An owner-occupier could reside in one unit and benefit from the income of the other three apartments. Building has a laundry room which current ownership has converted into a storage unit. Would recommend new owner to install coin-op laundry machines to add income.
Sun Valley is a neighborhood in the San Fernando Valley region of the City Los Angeles County, California. The neighborhood is known for its overall youthful population and moderate racial diversity.
Sun Valley is starting to experience gentrification as did North Hollywood. A new Costco is being built on Sherman Way, adjacent to this property. More developments are underway and acquiring in Sun Valley now, is truly investing ground level before the next gentrification boom to this submaket.
