$1,295,000
13227 Oxnard Street
Van Nuys, CA 91401
12
Beds
6
Baths
5,184
Square feet
1953
Built
Listing narrative
Description
Fantastic opportunity to purchase a well kept and managed 6 unit building in Prime Valley Glen at only $215,000 per unit and $250,000 per foot for six 2 bedroom units.This desirable Valley Glen neighborhood is one of San Fernando Valley's most convenient and established rental corridors. The property is a short walk from Los Angeles Valley College. creating a strong appeal fro students, faculty, and local professionals alike. Residents enjoy access to the 170 , 101, and 405 freeways for easy commuting. Valley Glen is home to 60,000 residents with a substantial rental population supporting multi family demand. The rental income has a lot of upside potential as the averge rent is only $1470 / these two bedrooms support rental income of $2,200Easy to manage and no downside risk in rents. Increase 3 % every year with confidence.
Property Details
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Price
$1,295,000
Beds
12 bd
Type
House
Home Size
5,184 sqft
Baths
6
Lot Size
0.14 acres
Year
1953
Status
For Sale
Days on Market
27
$ / Sqft
$250
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