The subject property is a well maintained thirty one unit apartment building located in a dense rental market in Van Nuys. Built in 1964, the property is subject to rent control. The property is comprised of nine one-bedroom/two-bath units, five one-bedroom/one-bath units and 17 single units. The property is very well maintained and the current owners have renovated approximately 25-units with new laminate flooring, helping to keep turnovers costs to a minimum. Additionally, the same 25-units are on a RUBS program which further helps to increase cash flow at the property. The property offers residents a solid Van Nuys location, plenty of gated open parking, intercom entrance, on-site laundry facility and a courtyard. The offering is a great opportunity to own in a dense rental market with attractive GIM, CAP, price per unit and price per foot metrics. Do not Disturb Tenants or Manager. Contact Listing Agent for showings.
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