Investment Property For Sale.
A golden opportunity to convert a storage unit into an ADU for additional income.
This is a great value add opportunity for an investor to capitalize on about 40% upside potential in rents in the future.
SFD built in 1920 and 3 unit detached building in the back built in 2005, plus a legal Storage Room, with a total of 3,290 gross sq ft, situation on 6,755 sq ft lot.
The utilities are individually metered for gas and electricity, so the landlord is only responsible for water, sewer, and trash, plus a small amount for common area utilities.
An on-site communal laundry room further contributes approximately $100 monthly in additional income.
The Storage Room can be rented for more income or a savvy investor may convert it to another residential unit, thus further increasing the cash flow (Possible ADU).
Located near all public transportation and the City Hall, makes this an ideal investment location.
Close to the Van Nuys Airport, the property benefits from its proximity to major freeways (405 and 101), enhancing its appeal to commuters.
This strategic location, coupled with the property's
existing attributes and untapped rental income potential, positions this property as a strong investment opportunity in a strong rental pocket of Van Nuys.
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