A rare opportunity in the heart of Van Nuys awaits! This quadruplex property offers 2,500 rentable square feet on a generous 11,000 square foot lot. With potential to add an ADU plus plans already in place, this is an incredible investment with outstanding growth potential. Three of the units have been fully remodeled and now feature modern convenience with washer and dryer included - making it easier than ever to attract quality tenants. The cap rate sits at 5.1 and GRM at 14.7 - don't miss out on this fantastic opportunity in a booming rental market!
Sold for $1,450,000
Listing Provided by: Equity Union
Bought with: Silver Spoon Properties
$1,450,000
7234 Allott Ave, Van Nuys, CA 91405
4beds
4baths
2,501sqft
Quadruplex
Built in 1955
-- sqft lot
$1,371,800 Zestimate®
$580/sqft
$2,746 Estimated rent
Home value
$1,371,800
$1.28M - $1.48M
$2,746/mo
Zestimate® history
Owner options
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$2,746/mo
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$2,746/mo
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$9,057/mo
Est. payment
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$9,057/mo
Est. payment
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Modern convenienceFully remodeled
Zillow last checked:
Listing updated:
Listing Provided by:
Ali Eghbal Ketabchi DRE #01882586 818-989-2000,
Equity Union
Bought with:
Carlo Honanian, DRE #01264495
Silver Spoon Properties
Source: CRMLS,MLS#: SR23125657
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Ductless, Wall Furnace
Cooling
- Ductless, Wall/Window Unit(s)
Appliances
- Included: Freezer, Disposal, Gas Range, Refrigerator, Water Heater
- Laundry: Inside
Features
- Quartz Counters, Recessed Lighting
- Flooring: Laminate
- Windows: Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,501
- Total interior livable area: 2,501 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: Street
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Fencing: Vinyl,Wood
- Has view: Yes
- View description: City Lights
Lot
- Size: 0.25 Acres
- Features: 0-1 Unit/Acre, Level, Paved, Rectangular Lot, Sprinkler System
Details
- Additional structures: Storage
- Parcel number: 2328005014
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Asphalt, Brick, Drywall, Concrete, Plaster, Stucco
- Foundation: Raised
- Roof: Shingle
Condition
- Turnkey
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public, See Remarks
- Utilities for property: Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Gutter(s), Street Lights, Sidewalks
Location
- Region: Van Nuys
Other
Other facts
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2023 | Sold | $1,450,000-3.2%$580/sqft |
Source:  CRMLS #SR23125657 Report a problem | ||
| 8/28/2023 | Pending sale | $1,498,000$599/sqft |
Source: CRMLS #SR23125657 Report a problem | ||
| 8/8/2023 | Contingent | $1,498,000$599/sqft |
Source: CRMLS #SR23125657 Report a problem | ||
| 7/12/2023 | Listed for sale | $1,498,000+15.2%$599/sqft |
Source: CRMLS #SR23125657 Report a problem | ||
| 3/30/2022 | Sold | $1,300,000-7.1%$520/sqft |
Source: Public Record Report a problem | ||
| 2/28/2022 | Contingent | $1,399,000$559/sqft |
Source: CRMLS #SR22022651 Report a problem | ||
| 2/7/2022 | Listed for sale | $1,399,000$559/sqft |
Source: CRMLS #SR22022651 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,203 +1.3% | $1,479,240 +2% |
| 2024 | $17,977 +9% | $1,450,240 +9.3% |
| 2023 | $16,485 +4.1% | $1,326,240 +540.6% |
| 2022 | $15,832 +438.9% | $207,018 +2% |
| 2021 | $2,938 -0.7% | $202,964 +1% |
| 2020 | $2,959 | $200,886 +2% |
| 2019 | $2,959 +9.7% | $196,953 +2% |
| 2018 | $2,698 | $193,096 +2.1% |
| 2017 | $2,698 +2.1% | $189,075 +2% |
| 2016 | $2,643 +3.3% | $185,368 +1.5% |
| 2015 | $2,559 -0.2% | $182,585 +2% |
| 2014 | $2,564 | $179,009 +2.5% |
| 2012 | -- | $174,707 +2% |
| 2011 | -- | $171,282 +0.8% |
| 2010 | -- | $170,003 -0.2% |
| 2009 | -- | $170,408 +2% |
| 2008 | -- | $167,068 +2% |
| 2007 | -- | $163,793 +2% |
| 2006 | -- | $160,582 |
| 2005 | -- | $160,582 +4% |
| 2004 | -- | $154,348 +1.9% |
| 2003 | -- | $151,521 +2% |
| 2002 | -- | $148,551 +4% |
| 2000 | -- | $142,784 |
Find assessor info on the county website
Neighborhood: Van Nuys
Nearby schools
GreatSchools rating
- 5/10Hazeltine Avenue Elementary SchoolGrades: K-5Distance: 0.7 mi
- 6/10James Madison Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10Van Nuys Senior High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,371,800
Get a cash offer in 3 minutes
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Estimated market value
$1,371,800
- California
- Los Angeles County
- Los Angeles
- 91405
- Van Nuys
- 7234 Allott Ave
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