Description

8 Unit Apartment Building for Sale

Van Nuys, CA, 8 units: (2) of 2+1, and (6) of 1+1, 2 stories, zoned LAR3-1
Bldg. size: 5,854 sq. ft., Lot size: 8,750 sq. ft., (50x175),
frame-stucco, good condition, parking, pitched composition roof,
Near Victory and Hazeltein, stable tenants. Good area,
Separate gas and electric meters for all units.
No vacancies now. Rents have room for upside.
Buyer to assume an existing loan, or get a new loan from Chase.

Current monthly gross: $7,810; annual: $93,720,
Current expenses: $21,613 / Yr.

Price: $1,190,000