Rare opportunity to acquire a true Pride of Ownership family asset, which has never been on the market before! Controlled access property features 23 well-appointed & updated apartment homes w/ charming private courtyards & balconies. Perfectly situated in a desirable pocket of Van Nuys, this prime multi-family investment boasts a 4.45% Cap Rate & 12.61 GRM with tremendous upside potential & 6.39% Market Cap Rate & 9.87 Market GRM. Best of Both Worlds: the property has a commanding corner presence & excellent visibility whilst also enjoying a tranquil courtyard setting on a huge 20,929 SF R3 lot, tucked away along the best stretch of Vanowen & nestled amongst established & vast single-family homes & tree-lined streets. Well maintained, and professionally managed property benefits from convenient proximity to public transportation options & major freeways providing easy access throughout LA County. Walking distance to schools & just a 5 minute drive to picturesque parks & recreation.
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.
