For more information regarding the value of a property, please contact us for a free consultation.
7234 Allott AVE Van Nuys, CA 91405
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23125657
Sold Date 09/01/23
Construction Status Turnkey
HOA Y/N No
Year Built 1955
Lot Size 0.253 Acres
Property Description
A rare opportunity in the heart of Van Nuys awaits! This quadruplex property offers 2,500 rentable square feet on a generous 11,000 square foot lot. With potential to add an ADU plus plans already in place, this is an incredible investment with outstanding growth potential. Three of the units have been fully remodeled and now feature modern convenience with washer and dryer included - making it easier than ever to attract quality tenants. The cap rate sits at 5.1 and GRM at 14.7 - don't miss out on this fantastic opportunity in a booming rental market!
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Rooms
Other Rooms Storage
Interior
Interior Features Quartz Counters, Recessed Lighting
Heating Ductless, Wall Furnace
Cooling Ductless, Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Freezer, Disposal, Gas Range, Refrigerator, Water Heater
Laundry Inside
Exterior
Exterior Feature Lighting, Rain Gutters
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Vinyl, Wood
Pool None
Community Features Gutter(s), Street Lights, Sidewalks
Utilities Available Water Connected
View Y/N Yes
View City Lights
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Level, Paved, Rectangular Lot, Sprinkler System
Faces South
Story 1
Entry Level One
Foundation Raised
Sewer Public Sewer
Water Public, See Remarks
Architectural Style Bungalow, Traditional
Level or Stories One
Additional Building Storage
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 2328005014
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Read Less
Bought with Carlo Honanian • Silver Spoon Properties
GET MORE INFORMATION