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14764 Sylvan Street, Van Nuys, CA, 91411

14764 Sylvan Apartments
$3,950,000

Key Information

Cap Rate
4.52%
$ per SF
$381
Tot. SF
10,350
Lot Size
0.2 Acres
Units
8
Year Built
2007
Type
Apartments
NOI
$178,708

Highlights

  • Newer Construction (2007 Vintage)
  • Reduced deferred maintenance and capital expenditure requirements compared to older Valley inventory.
  • Large Townhome-Style Units
  • Eight 2 Bed / 2.5 Bath Townhouse units averaging ±1,294 SF, appealing to families and long-term tenants.
  • Stabilized Asset with Immediate Cash Flow
  • In-place income with additional value-add through organic rent growth.
  • Prime Van Nuys Location
  • Centrally located in the San Fernando Valley with strong renter demand and accessibility to major employment centers.
  • Favorable Operating Metrics
  • With a pro forma rent of ~$285K, this has potential to grow to ~$310K at market rents.
  • Condo Conversion Potential (Separate APNs):
  • Each unit has its own individual APN, offering a unique opportunity for future condominium conversion and potential value enhancement (buyer to verify).

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA), 01320460 (CA)
Matthews Real Estate Investment Services, LLC
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245