6 Unit Multi Family Apartment Complex In
San Fernando Valley (Van Nuys)
5060 SF on 6250 SF Lot - Built 1957

Property features 2 Stories with Gated Entry
with 8 Bedrooms and 7 Bathrooms
Unit Mix of (1) 3+2 and (5) 1+1
Cross streets Hazeltine and Oxnard Minutes to Civic Center
Lots of restaurants, shopping and transportation
Minutes walk to the Orange Line Busway
Good Walk Score of 71
REAP INFO AND INCOME
Property passed REAP inspection and is now officially out of REAP
Property currently has 5 tenants and 1 vacant three bedroom unit
The vacant 3 bedroom unit has future income of $3000 monthly
Remaining five units to begin paying rent of $5,051 to owner

Two units are behind 1 year in payments and can be evicted
Rents are way below market and due for rental increases
One bedroom rentals in area are averaging about $2195
Possibility to turn 1 bedroom units to 2 bedrooms
Plans to add ADU for 7 units & additional income
Plans available to view on both the projects
Proforma Monthly Income at $13,975
AS IS Appraised Value $1,500,000

LOAN AVAILABLE WITH $455,000 OR (35%)
DOWN FOR 1 YEAR AT ONLY 8.99% Rate
(COST OF 2% AND O.A.C)