Description

Equity Union Commercial is pleased to present this seven-unit apartment building located in a desirable rental pocket of Van Nuys. The property offers strong in-place income with clear upside potential, as current rents have not been increased and tenants are scheduled for allowable increases beginning 2/1/26. The building features a well-balanced unit mix consisting of (1) studio, (4) one-bedroom/one-bath units, (1) two-bedroom/two-bath unit, and (1) three-bedroom/two-bath unit, totaling approximately 5,200 rentable square feet on a 6,252 square foot lot. Capital improvements include a completed seismic retrofit, a new roof installed in 2018, copper plumbing, and a new water heater. The upstairs balconies have also been renovated. A new owner may elect to upgrade the electrical system to potentially reduce insurance costs. Conveniently located with quick access to the 405, 101, and 170 freeways, the property is just minutes from Ventura Boulevard’s dining and retail amenities. Public transit options, including Metro service, provide easy connectivity to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and Downtown Los Angeles, further enhancing the property’s long-term rental appeal.