7-unit apartment in Van Nuys! Unit mix is 4 (2bed + 2bath) and 3 (1bed +1bath). The building has New Plumbing, New Roof, New Water Heater, and 3 of the 7 units were recently fully remodeled. The building offers 7 parking spaces and has undergone earthquake retrofitting. Total annual rental income is approximately $150,000, providing strong cash flow potential with room for upside.The surrounding area is experiencing significant growth and development, enhancing its appeal to tenants and investors alike. Notably, a 174-unit mixed-use project is nearing completion at 6569 Van Nuys Boulevard, featuring retail spaces and amenities The Registry SoCal Real Estate. Additionally, a 44-unit mixed-use development is planned at 14600 Victory Boulevard, offering apartments and retail space Urbanize LA. These projects contribute to the neighborhood's revitalization and increased demand for housing.With ongoing infrastructure improvements and a growing community, this is a rare opportunity to invest in a well-maintained property in a high-demand area.

Listing courtesy of John C. Pak of Philco Realty

Based on information from the The MLS as of 2025-10-18 03:20 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.