New Listing! 9 units in Van Nuys, not subject to rent control with low rents. The current owner does not live in the Los Angeles area and has not been raising rents accordingly. As you will see, the current rents are approximately 25% below market. Immediate upside potential for a new investor and an extremely low cost per unit for a non-rent controlled asset. Additionally, there is a large parking area in the rear of the property for 13 cars and no soft story tuck under parking. All showings will be with an accepted offer only. The building is 100% occupied. PLEASE DO NOT DISTURB THE TENANTS OR WALK ONTO PROPERTY.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
