Exceptional 16-unit apartment community located in the highly desirable Valley Glen neighborhood of Van Nuys. Built in 1963, this well-maintained investment opportunity features an attractive unit mix of eleven 2-bedroom/1-bath units, two 2-bedroom/2-bath units, and three spacious 3-bedroom/2-bath units, appealing to a broad tenant base. Several units have been updated with modern kitchens, granite countertops, white cabinetry, stainless steel appliances, and refreshed bathrooms, providing immediate appeal while offering additional value-add potential. The property offers desirable amenities including a courtyard swimming pool, on-site laundry facilities, 16 on-site parking spaces (13 covered and 3 uncovered), attractive landscaping, and a gated, professionally maintained environment. Spacious floor plans averaging approximately 1,000 square feet contribute to strong tenant demand. Ideally situated just north of Victory Boulevard, the property is surrounded by an abundance of shopping, dining, parks, and everyday conveniences. Residents enjoy easy access to the 170, 101, and 405 Freeways, providing convenient connectivity throughout the San Fernando Valley and Greater Los Angeles. Nearby employers, schools, and entertainment destinations further enhance the property's long-term desirability. This is an outstanding opportunity for investors seeking stable in-place income with the potential to increase cash flow through continued interior renovations and strategic asset management in one of the Valley's strongest multifamily rental markets.
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Zillow last checked:
Listing updated:
Listed by:
JUSTIN CHUDRE #01900624626-321-3211,
CIRCA PROPERTIES, INC.
Source: CRMLS,MLS#: WS26151158Originating MLS: California Regional MLS
Facts & features
Interior
Appliances
Laundry: Common Area
Features
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 14,891
Total interior livable area: 14,891 sqft
Property
Parking
Total spaces: 16
Parking features: Carport
Carport spaces: 13
Uncovered spaces: 3
Features
Entry location: E
Has private pool: Yes
Pool features: In Ground, Private
Lot
Size: 0.36 Acres
Features: 16-20 Units/Acre
Details
Parcel number: 2329025023
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
New construction: No
Year built: 1963
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Biking, Curbs, Golf, Street Lights, Suburban, Sidewalks, Urban
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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