VAN NUYS INVESTOR’S DREAM COME TRUE! This 7 unit complex is a steal at $1,250,000. Included are four 2Bd+1Ba units and three 1Bd+1Ba units. Built in 1987. Exterior newly renovated-new stucco! Controlled access parking and entry. Very low maintenance and expenses as units have individual meters. Laundry room (opportunity for additional income). No rent control! Close to Van Nuys Civic Center. This is an excellent opportunity to acquire property in an area that is growing and convenient for renters.
Gross Annual Income $88,380 Less Annual Expenses (6,405) Net Annual Income $81,975 |