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Key Details
Sold Price $3,700,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,788 sqft
Price per Sqft $475
MLS Listing ID CRBB23154703
Sold Date 11/30/23
HOA Y/N No
Year Built 2023
Lot Size 8,749 Sqft
Acres 0.2
Property Description
14249 Sylvan St is a 2023 construction 6-unit located less than 5 minutes from Sherman Oaks in the best area of Van Nuys (steps from the Van Nuys Courthouse). This 6-unit is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.67%! At an impossible to beat price per door of $615,833, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2023 construction! 14249 Sylvan is made up of one large 4 bed, 4 bath tri-level single family residence, four 3 bed, 3 bath tri-level townhomes style units, a 1 bed, 1 bath unit (ADU) with spacious floorplans, and 10 parking spots (8 garage spots & 2 exterior spots). The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited t
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Vinyl
Fireplace No
Appliance Dryer, Tankless Water Heater
Laundry Dryer, Washer, Inside
Exterior
View Y/N true
View Other
Building
Lot Description Other, Back Yard, Front Yard, Paved
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 2240016022
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with GeneralNonmember
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122