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Listed by Casey Picard • Keller Williams Realty
$3,500,000
Est. payment /mo
12,241 SqFt
Active
14553 Hartland Street Van Nuys, CA 91405
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,241 sqft
Price per Sqft $285
MLS Listing ID P1-21220
Year Built 1965
Lot Size 0.342 Acres
Property Description
Located on the corner of Hartland Street and Vesper Avenue in Van Nuys, California this seventeen unit apartment complex is a two parcel property with address of 6840 Vesper Avenue (APN: 2219-026-058) & 14553 Hartland Street (APN: 2219-026-057). Together, the investment opportunity totals ±12,241 square feet on a ±14,911 square foot lot. A new owner will have the opportunity to purchase a unique investment with a strong unit mix of (4) - 2 bed / 2 bath, (1) - 2 bed / 1 bath SFR, (1) - 2 bed / 1 bath, and (11) - 1 bed / 1 bath units. Currently, there is an assumable Chase loan with a balance of $1,750,000 at a fixed 3.38% interest rate until June 1st, 2027. Upon assumption, the monthly payment will be approximately $8,433. Furthermore, there is no need for an on-site manager due to the asset having 5 units on one parcel and 12 units on another. This asset is a great opportunity for any investor looking for scale with minimal management costs.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry Community
Exterior
Parking Features Attached Carport
Pool None
Community Features Sidewalks, Street Lights
View Y/N No
View None
Building
Lot Description Sprinklers None