Skip To Content

    6948 Vesper Avenue

    Van Nuys, CA 91405
    • $3,800,000
    • STATUS: Active
    • ON SITE: 57 Days
    • ID#: AR21183308
    Price Reduced
    UPDATED: 67 min ago
    $3,800,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    $100K Price Reduction! We are proud to represent this MISTY MANOR 20 unit Multi-Family building in the heart of Van Nuys. Almost 30 years First time on the market for sale! Opportunity zone! The property was constructed in 1977. Gated and Well Maintained! This offering presents a rare opportunity to investors to acquire a strategically located, value-add investment opportunity! Its unit mix consists of (10) one bedroom units, (4) one bedroom with Den room units, (4) Studio units and (2) two bedroom units. With a lot size of 20,989 square feet, the property has a total of 14,869 rentable square feet. 100% Occupied with Excellent Long term tenants. All units have individual electric and gas meters. The owners completed the City of Los Angeles retrofitting two and half years ago. Dont miss this opportunity, it wont last!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120645206
    Print Image

    6948 Vesper Avenue Van Nuys, CA 91405

    • Price: $3,800,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: AR21183308
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    $100K Price Reduction! We are proud to represent this MISTY MANOR 20 unit Multi-Family building in the heart of Van Nuys. Almost 30 years First time on the market for sale! Opportunity zone! The property was constructed in 1977. Gated and Well Maintained! This offering presents a rare opportunity to investors to acquire a strategically located, value-add investment opportunity! Its unit mix consists of (10) one bedroom units, (4) one bedroom with Den room units, (4) Studio units and (2) two bedroom units. With a lot size of 20,989 square feet, the property has a total of 14,869 rentable square feet. 100% Occupied with Excellent Long term tenants. All units have individual electric and gas meters. The owners completed the City of Los Angeles retrofitting two and half years ago. Dont miss this opportunity, it wont last!
    Exterior Features

    Carport Spaces 8 Carport YN Yes Lot Features 16-20 Units/Acre Number Of Separate Electric Meters 21 Open Parking Spaces 22 Parking Total 30 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features UrbanValley Contingency None Electric Expense 300 Fuel Expense 0 Garage YN No Gross Income 253548 Gross Scheduled Income 253548 Insurance Expense 500 Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Net Operating Income 165048 New Construction YN No Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Operating Expense 88500 Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Trash Expense 500 Utilities Water Not Available Water Sewer Expense 1500 Water Source None Zoning Lar3

    Listing provided courtesy of Yuqing Wang of Re/Max Premier Prop Arcadia


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T10:26:14.627. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367123181-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367123181-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367123181-1.jpg
    Logo
    Keller Williams Realty
    ,