Vesper & Hartland Seventeen 2 Multifamily Properties Offered at $3,400,000 in Van Nuys, CA

Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two adjacent parcel property with addresses of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals ±12,241 square feet on a ±14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,775,000 at a fixed 3.58% interest rate until June 1st, 2027. The new monthly payment will be approximately $8,360. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.