36
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$2,385,000
Est. payment /mo
4 Beds
3 Baths
7,502 Sqft Lot
New
14161 Friar Street Van Nuys, CA 91401
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25090848
Bedrooms 4
HOA Y/N No
Lot Size 7,502 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are proud to present a compelling investment opportunity to acquire a 6-unit Multifamily Property in the High Demand Van Nuys Market within Los Angeless San Fernando Valley. Strategically positioned bordering the highly sought-after Valley Glen area, 14161 Friar Street offers investors a foothold in a location with significant rental upside. Situated just south of the major thoroughfare of Victory Boulevard and west of Hazeltine Avenue, the property benefits from excellent access to a wide array of amenities, transportation options, and the ongoing growth and revitalization of the surrounding Van Nuys and Valley Glen areas. This offering represents a unique chance to acquire a well-located asset with significant potential in a thriving Los Angeles submarket. Presenting a unique blend of classic charm and contemporary style, the meticulously built two-story property offers a desirable unit mix of four one-bedroom/one-bathroom and two spacious three-bedroom/ two-bathroom residences. Showcasing a mix of extensive renovation and new construction, the unit interiors feature central AC and new technology heating, and wood flooring. Kitchens are equipped with modern appliances, stylish tile backsplashes, quartz counters, and storage. Additional features include recessed lighting, base moldings, ample natural lighting, new bathroom vanities, new tubs/showers, and new windows. Select units offer private balconies. The propertys exterior has also undergone significant improvements, including newly paved asphalt for ample on-site parking, well-maintained low-maintenance landscaping
We are proud to present a compelling investment opportunity to acquire a 6-unit Multifamily Property in the High Demand Van Nuys Market within Los Angeless San Fernando Valley. Strategically positioned bordering the highly sought-after Valley Glen area, 14161 Friar Street offers investors a foothold in a location with significant rental upside. Situated just south of the major thoroughfare of Victory Boulevard and west of Hazeltine Avenue, the property benefits from excellent access to a wide array of amenities, transportation options, and the ongoing growth and revitalization of the surrounding Van Nuys and Valley Glen areas. This offering represents a unique chance to acquire a well-located asset with significant potential in a thriving Los Angeles submarket. Presenting a unique blend of classic charm and contemporary style, the meticulously built two-story property offers a desirable unit mix of four one-bedroom/one-bathroom and two spacious three-bedroom/ two-bathroom residences. Showcasing a mix of extensive renovation and new construction, the unit interiors feature central AC and new technology heating, and wood flooring. Kitchens are equipped with modern appliances, stylish tile backsplashes, quartz counters, and storage. Additional features include recessed lighting, base moldings, ample natural lighting, new bathroom vanities, new tubs/showers, and new windows. Select units offer private balconies. The propertys exterior has also undergone significant improvements, including newly paved asphalt for ample on-site parking, well-maintained low-maintenance landscaping, and fresh exterior paint. Practical updates include new gutters for effective rainwater management and new utility meters. The pitched composite roofing adds durability and a clean, updated look to the buildings profile. Whether youre a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
We are proud to present a compelling investment opportunity to acquire a 6-unit Multifamily Property in the High Demand Van Nuys Market within Los Angeless San Fernando Valley. Strategically positioned bordering the highly sought-after Valley Glen area, 14161 Friar Street offers investors a foothold in a location with significant rental upside. Situated just south of the major thoroughfare of Victory Boulevard and west of Hazeltine Avenue, the property benefits from excellent access to a wide array of amenities, transportation options, and the ongoing growth and revitalization of the surrounding Van Nuys and Valley Glen areas. This offering represents a unique chance to acquire a well-located asset with significant potential in a thriving Los Angeles submarket. Presenting a unique blend of classic charm and contemporary style, the meticulously built two-story property offers a desirable unit mix of four one-bedroom/one-bathroom and two spacious three-bedroom/ two-bathroom residences. Showcasing a mix of extensive renovation and new construction, the unit interiors feature central AC and new technology heating, and wood flooring. Kitchens are equipped with modern appliances, stylish tile backsplashes, quartz counters, and storage. Additional features include recessed lighting, base moldings, ample natural lighting, new bathroom vanities, new tubs/showers, and new windows. Select units offer private balconies. The propertys exterior has also undergone significant improvements, including newly paved asphalt for ample on-site parking, well-maintained low-maintenance landscaping, and fresh exterior paint. Practical updates include new gutters for effective rainwater management and new utility meters. The pitched composite roofing adds durability and a clean, updated look to the buildings profile. Whether youre a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Location
State CA
County Los Angeles
Area Van Nuys (91401)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $37
Acceptable Financing Cash
Space Rent $1,987
Listing Terms Cash
Listed by Eric Chen • CB RICHARD ELLIS