Dana Brody
This listing was posted on RealtyWW.
$999,000
Home For Sale In Van Nuys, California
Price:
$999,000
BR/BA:
6 BR, 4 BA
Location:
6319 Cedros Ave, Van Nuys, CA
Description:
We are very pleased to exclusively offer for purchase Friar House, a rare side by side duplex featuring two 3 bedroom, 2 bath units totaling 2, 760 square feet, boasting an average of 1, 380 square feet per unit that will be delivered 100% vacant. Situated on a 6, 249 square foot corner lot zoned R3, the units feature central air and heat, washer/dryer hookups, 3 bedrooms, 2 bathrooms and will be delivered vacant and ready to be rented as is or remodeled to achieve market rents. Built in 1945, the units have a lot of original charm like crown and base moulding but also updates which include new windows, copper plumbing and updated electrical. Market rents for updated and new construction units top well over $3 per foot in the area, which means once remodeled these 3+2 units could easily garner $4, 000 per unit. Once remodeled and re-leased at market rents, the property offers a 6.2% cap rate and a 10 GRM. In addition to the remodeling option, there may be re-development potential as the lot is 6, 249 square feet zoned R3 which by right allows 7 units. Don't miss this amazing remodel opportunity that is 100% vacant and ready to be re-imagined right away by a new owner!For more details: https://realtyww.info/homes_van-nuys-d102736/for-sale_i71862984
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More About this Listing: Home For Sale In Van Nuys, California
Home For Sale In Van Nuys, California is a Six Bedroom 4.5 Bath Single-Family Homes for Sale at 6319 Cedros Ave in Van Nuys CA. Find other listings like Home For Sale In Van Nuys, California and listings near 6319 Cedros Ave by searching Oodle Classifieds for Six Bedroom 4.5 Bath Single-Family Homes for Sale in Van Nuys CA.
Home For Sale In Van Nuys, California is a Six Bedroom 4.5 Bath Single-Family Homes for Sale at 6319 Cedros Ave in Van Nuys CA. Find other listings like Home For Sale In Van Nuys, California and listings near 6319 Cedros Ave by searching Oodle Classifieds for Six Bedroom 4.5 Bath Single-Family Homes for Sale in Van Nuys CA.