9 Units - Van Nuys: Property For Sale

Properties For Sale 9 Units - Van Nuys

9 Units - Van Nuys

6628 Sylmar Avenue, Van Nuys 91302

DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.

Offered at:
$2,950,000

Property Description

We are pleased to present the opportunity to acquire 6628 Sylmar Avenue, a 9-unit two-story apartment complex located just east of the 405, South of Vanowen Street in Van Nuys, CA. The property offers four 1-bedroom 1-bath and five 2-bedroom 2-bath units. Four of the units are currently vacant. This is an excellent opportunity that offers solid appreciation potential. Value add deal with upside in rents.

Van Nuys Real Estate Prices and Overview

Van Nuys Blvd median real estate price is $528,350, which is more expensive than 46.1% of the neighborhoods in California and 85.5% of the neighborhoods in the U.S. The average rental price in Van Nuys Blvd is currently $1,698, based on NeighborhoodScout's exclusive analysis. 

Van Nuys Blvd is a densely urban neighborhood (based on population density) located in Los Angeles, California.

Van Nuys Blvd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Van Nuys Blvd neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Demand for real estate in Van Nuys Blvd is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Current/Proposed Income

Two 2-Bedroom 2-Baths $1,850 (Proforma)
Two 1-Bedroom 1-Bath $1,550 (Proforma)
One 2-Bedroom 2-Baths $1,750
One 2-Bedroom 2-Baths $1,650
One 2-Bedroom 2-Baths $1,600
One 1-Bedroom 1-Baths $1,450
One 1-Bedroom 1-Baths $1,275
Laundry Income $59
Monthly Total $14,584

Cash Flow Analysis

Gross Scheduled Income $175,008
Operating Expenses $67,450
Net Operating Income $107,558

Acquisition Data

Down Payment $885,000 (30%)
Loan Amount $2,065,000 (70%)

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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