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Albert McCray

albertmccrayjr@gmail.com +1(562) 735-9818

$1,300,000

Est. payment - /mo

9 Beds

7 Baths

4,210 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,210 sqft

Price per Sqft $308

MLS Listing ID 26992647

Bedrooms 9

HOA Y/N No

Year Built 1946

Lot Size 8,908 Sqft

Property Description

16057 Hartland Street presents a compelling opportunity to acquire a five-unit multifamily investment in a solid Van Nuys location, offering investors an attractive combination of current income and long-term rental growth. The property features a desirable unit mix of three one-bedroom/one-bathroom units and two three-bedroom/two-bathroom units.The two three-bedroom units were constructed in 2009 and are not subject to the Los Angeles City Rent Stabilization Ordinance (RSO),but are subject to CA State rent control, AB 1482. This allows an investor greater flexibility to capture future rental growth on the property's largest units without the LA City RSO restrictions. Residents enjoy proximity to Lake Balboa, the Sepulveda Basin Recreation Area, major shopping and dining corridors, and some of the San Fernando Valley's most established employment centers.Convenient access to the 405 and 101 Freeways provides connectivity throughout the Valley, Westside and greater Los Angeles. 16057 Hartland Street represents an opportunity to acquire a desirable multifamily asset with combination of two RSO-exempt three-bedroom units, a diversified unit mix, substantial parking and a strong Van Nuys location.

Location

State CA

County Los Angeles

Area Lkbl - Lake Balboa

Zoning LAR3

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered, Uncovered

Garage Spaces 3.0

Garage Description 3.0

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2224027060

Special Listing Condition Standard

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Listed by Brett Sanson Marcus & Millichap #01387480

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Albert McCray

+1(562) 735-9818

Realtor / TNG Office Manager License ID: 01961293

16057 Hartland ST Van Nuys, CA 91406

Albert McCray

Key Details

Location

Interior

Exterior

Building

Others

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