Residential Income – 6833 Sepulveda Blvd, Van Nuys, CA 91405, USA -001-11-30T00:00:00-08:00
6833 Sepulveda Boulevard is a 56-unit, three-story, three building property built in 1967 with an inviting courtyard setting. Constructed of wood frame with stucco exterior and flat roofs with composition shingles on the side, the three buildings total 32,08
6833 Sepulveda Blvd, Van Nuys, CA 91405, USA
$9,450,000 USD
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Address6833 Sepulveda, Van Nuys
Price$9,450,000
Year Built1967
Bedrooms Total0
Living Area32,082
Lot Size (Sq.Ft.)27,998
Listing ID17292050
StatusActive
Parcel Number2234024010
ZoningLAR3
Special ConditionsStandard
Days on Market14

Detailed Description: 6833 Sepulveda Boulevard is a 56-unit, three-story, three building property built in 1967 with an inviting courtyard setting. Constructed of wood frame with stucco exterior and flat roofs with composition shingles on the side, the three buildings total 32,082 sq.ft and sit on a 27,878 square foot lot, which is zoned for LAR3. The property offers a great unit mix of 54 one-bedroom / one-bathroom units, one studio / one-bathroom unit and one two-bedroom / one-bathroom unit. The property is individually metered for gas, electricity, and master metered for water. Buyer to assume current loan which is approximately $5,667,565 at 4.10% fixed for 7 year with Chase Bank. Buyer may elect to purchase cash to new loan but would be responsible for prepayment penalty of 5%.

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Address Information
Address6833 Sepulveda, Van Nuys
CityVan Nuys
Location (MLS Area)VN – Van Nuys
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91405
Financial Information
Price per Square Foot$294.56
Price per Lot Square Foot$337.52
Special ConditionsStandard
Total Expenses$322,464
Gross Operating Income$774,120
Net Operating Income$446,115
Gross Multiplier12.21%
Improvements Amount$3,636,388
Land Value$2,539,699
Tax Year2000
Full Descriptions
Parcel Number2234024010
Detailed Description6833 Sepulveda Boulevard is a 56-unit, three-story, three building property built in 1967 with an inviting courtyard setting. Constructed of wood frame with stucco exterior and flat roofs with composition shingles on the side, the three buildings total 32,082 sq.ft and sit on a 27,878 square foot lot, which is zoned for LAR3. The property offers a great unit mix of 54 one-bedroom / one-bathroom units, one studio / one-bathroom unit and one two-bedroom / one-bathroom unit. The property is individually metered for gas, electricity, and master metered for water. Buyer to assume current loan which is approximately $5,667,565 at 4.10% fixed for 7 year with Chase Bank. Buyer may elect to purchase cash to new loan but would be responsible for prepayment penalty of 5%.
Laundry FeaturesSee Remarks
Parking FeaturesAssigned
Property parameters
Year Built1967
Living Area (Sq.Ft.)32,082
Lot Size (Sq.Ft.)27,998
Number of Buildings3
Number of Units Total56
ZoningLAR3
Stories Total3
Units Total56
Cap Rate (For Cash Payment Only)4.72
Listed withDaniel Withers (Matthews Retail Group, Inc.)