7-unit apartment in Van Nuys! Unit mix is 4 (2bed + 2bath) and 3 (1bed +1bath). The building has New Plumbing, New Roof, New Water Heater, and 3 of the 7 units were recently fully remodeled. The building offers 7 parking spaces and has undergone earthquake retrofitting. Total annual rental income is approximately $150,000, providing strong cash flow potential with room for upside. The surrounding area is experiencing significant growth and development, enhancing its appeal to tenants and investors alike. Notably, a 174-unit mixed-use project is nearing completion at 6569 Van Nuys Boulevard, featuring retail spaces and amenities The Registry SoCal Real Estate. Additionally, a 44-unit mixed-use development is planned at 14600 Victory Boulevard, offering apartments and retail space Urbanize LA. These projects contribute to the neighborhood’s revitalization and increased demand for housing. With ongoing infrastructure improvements and a growing community, this is a rare opportunity to invest in a well-maintained property in a high-demand area.

🌟 Highlights

• 7-unit multifamily property totaling 6,009 SF on a 7,502 SF lot

• Unit mix: 4 × 2 Bed / 2 Bath and 3 × 1 Bed / 1 Bath

• Gross income ≈ $150,000 / yr | NOI ≈ $93,000 / yr

• Recent upgrades: new roof, plumbing, water heater, and earthquake retrofit

• Three units fully remodeled with modern interiors

• 7 on-site parking spaces — well-maintained, two-story structure

• Zoning LAR3 → future redevelopment or ADU potential

• Located in central Van Nuys, near new mixed-use developments and transit

• price $1,750,000
• status featured residential
• state CA
• country US
• property type Residential Income
• area 6009
• address USA
• city Van Nuys
• zip code 91401
• property ID 4617843

• bedrooms 11
• bathrooms 11