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Langdon Gardens 8070 Langdon Ave 40 Unit Apartment Building $8,350,000 ($208,750/Unit) 5.14% Cap Rate Van Nuys, CA 91406
INVESTMENT HIGHLIGHTS
- Excellent Van Nuys address with convenient freeway access (405 & 170)
- Low Cost Per Square Foot
- Seismic retrofit completed
- Well-located with strong tenant demand and minimal vacancy
- Desirable Unit Mix One , Two Three Bedroom Floor Plan with Balcony
EXECUTIVE SUMMARY
8070 Langdon Ave presents an exceptional opportunity to acquire a stabilized 40-unit multifamily asset in the high-demand rental submarket of Van Nuys. This value-add property features an attractive mix of oversized 1- and 2-bedroom units, with in-place rental income and the potential to further enhance returns through continued interior upgrades.
The complex offers a full amenity package including controlled access entry, gated parking, a pool and sundeck, elevator, on-site laundry, and central A/C & heating. Several units have been updated with modern finishes, while others offer immediate upside through renovations.
Centrally located in the San Fernando Valley, the property benefits from proximity to major transportation corridors (405 & 170 freeways), employment centers, retail, and public transit. The asset is also within walking distance to schools and daily conveniences.
The complex offers a full amenity package including controlled access entry, gated parking, a pool and sundeck, elevator, on-site laundry, and central A/C & heating. Several units have been updated with modern finishes, while others offer immediate upside through renovations.
Centrally located in the San Fernando Valley, the property benefits from proximity to major transportation corridors (405 & 170 freeways), employment centers, retail, and public transit. The asset is also within walking distance to schools and daily conveniences.
PROPERTY FACTS
| Price | $8,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $208,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 5.14% | Building Size | 44,776 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.9 | No. Stories | 3 |
| No. Units | 40 | Year Built/Renovated | 1964/2002 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $8,350,000 |
| Price Per Unit | $208,750 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.9 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 44,776 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2002 |
| Opportunity Zone |
Yes |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Elevator
- Online Services
- Sundeck
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 550 |
| 1+1 | 19 | - | 805 |
| 2+2 | 15 | - | 1,110 |
| 3+2 | 4 | - | 1,235 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 2654-037-019 | Improvements Assessment | $3,149,123 |
| Land Assessment | $3,767,796 | Total Assessment | $6,916,919 |
PROPERTY TAXES
Parcel Number
2654-037-019
Land Assessment
$3,767,796
Improvements Assessment
$3,149,123
Total Assessment
$6,916,919
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Langdon Gardens | 8070 Langdon Ave
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