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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,299,995

Est. payment - /mo

7 Beds

5 Baths

3,468 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,468 sqft

Price per Sqft $374

MLS Listing ID 25565131

Bedrooms 7

HOA Y/N No

Year Built 1951

Lot Size 6,120 Sqft

Property Description

With excellent visibility along one of the San Fernando Valley's main thoroughfares, the property offers an investor the opportunity to add significant value by recapturing approximately 30% in rent upside. Five garage parking spaces in the rear of the property provide a unique amenity for this neighborhood, as well as a supplemental revenue stream. Portions of the plumbing system have already been upgraded with copper pipes. The building is not on the Los Angeles Department of Building and Safety's seismic retrofit list, saving an owner from an otherwise costly renovation (Buyer to verify). Located near the intersection of Fulton Avenue and Victory Boulevard, the property allows tenant convenient access to the 170 and 101 Freeways. NoHo West, a newer mixed-use development, is only two miles from the building and offers residents a variety of dining and entertainment options, including Regal Cinemas, Trader Joe's, LA Fitness, Starbucks, Nordstrom Rack, and Paris Baguette.

Location

State CA

County Los Angeles

Area Vg - Valley Glen

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2330002015

Special Listing Condition Standard

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Listed by Roderick 'Rick' Raymundo Marcus & Millichap

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13350 Victory BLVD Van Nuys, CA 91401