7422 Vineland Ave | Sun Valley, CA 91352
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- LoopNet Team
7422 Vineland Ave
Sun Valley, CA 91352
Value-Add Opp. – Rents 55% Below Market · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Substantial Value-Add Opportunity – Current Rents Approximately 55% Below Market
- Located in a Qualified Opportunity Zone (Buyer to Verify)
- Situated on Borders of Both Burbank and North Hollywood – Convenient Access to Major Employment Centers
- Potential to Convert Garages into Two Additional Units Under New California Laws (Buyer to Verify)
- Attractive Price Per Unit and Square Foot Compared to Recent Comparable Sales
- Attractive Residential Financing Options Available with Low Interest Rates
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 2,939 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1953/2010 |
| Zoning | LARD1.5 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,939 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2010 |
| Zoning | LARD1.5 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $895.00 | 600 |
| 2+1 | 2 | $1,141 | 865 |
PROPERTY TAXES
| Parcel Number | 2410-002-021 | Improvements Assessment | $307,750 |
| Land Assessment | $636,724 | Total Assessment | $944,474 |
PROPERTY TAXES
Parcel Number
2410-002-021
Land Assessment
$636,724
Improvements Assessment
$307,750
Total Assessment
$944,474
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