Properties
Van Nuys, CA 91401 14153 Sylvan
$1,299,000
8 more
Presented By: Michelle Pentreath with Keller Williams Palos Verdes; 310.904.9337
Baths • 1
SQFT • 5,832
Garage • 3
Home Details
Exceptional value-add and redevelopment opportunity at 14153 Sylvan St in Van Nuys. This 6-unit income-producing property is currently operating at approximately a 5% cap rate based on current financials.
Preliminary analysis indicates potential to add up to 7 additional units or redevelop the site to approximately 25 units (buyer to verify zoning, density, and development potential with the City of Los Angeles). Pro forma projections suggest cap rate could potentially increase to 6% + with expansion; all projections and assumptions to be independently verified by buyer.
Property will be delivered with tenants in place, providing immediate income. Tenancy reflects stable occupancy (buyer to verify all leases and terms).
Strategically located near the Van Nuys Civic Center, including police station, courthouse, fire department, and convenient access to the 101 Freeway. Attractive $1.299M entry price with strong long-term upside.
Presented By: Michelle Pentreath with Keller Williams Palos Verdes; 310.904.9337
Interior Features for 14153 Sylvan
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Heating Y/NYes
Laundry FeaturesCommon Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Total Stories2
Other Rooms
Entry Level1
General for 14153 Sylvan
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityVan Nuys
Community FeaturesStreet Lights, Sidewalks
Contingency3 day inspection contingency
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsFrom the 405 freeway, exit Victory Blvd. Head east on Victory Blvd, turn left (north)on Sylvan Ave. Property is located on Sylvan Avenue.
Electric Expense4200
Entry LocationSylvan Avenue
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income3600
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense5350
Land Lease Y/NNo
LevelsTwo
Listing TermsCash, Conventional, FHA, USDA Loan, VA Loan
Lot Size Square Feet8501
Lot Size UnitsSquare Feet
MLS AreaVN - Van Nuys
Net Operating Income64006
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense33760
Pool FeaturesNone
PostalCityVAN NUYS
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Tax Lot23
Tenant PaysCable TV, Electricity, Gas, Other
Total Actual Rent7944
Trash Expense6000
Water Sewer Expense6000
Year Built1948
Year Built SourcePublic Records
Exterior for 14153 Sylvan
Building Area Total5832
Lot Features6-10 Units/Acre
Lot Size Acres0.1952
Lot Size Area8501
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
Total Parking3
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
