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Listed by Lauren Cearley • Unknown Office
$ 2,995,000
Est. payment /mo
New
14111 Sylvan Van Nuys, CA 91401
7,460 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,460 sqft
Price per Sqft $401
MLS Listing ID BB-26225130
Year Built 2019
Lot Size 8,772 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
14111 Sylvan St is a 2019 construction 5-unit located in the hottest area of Van Nuys, steps from the Courthouse! This 5-unit is one of the few newer construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.85%! At an impossible to beat price per door of $599,000, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2019 construction!
14111 Sylvan is made up of one large 4 bed, 4 bath single family residence and four equally as impressive 3 bed, 3 bath units with spacious floorplans, and 10 parking spots. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, high ceilings, huge closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come!
14111 Sylvan is made up of one large 4 bed, 4 bath single family residence and four equally as impressive 3 bed, 3 bath units with spacious floorplans, and 10 parking spots. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, high ceilings, huge closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come!
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Interior
Heating Central
Fireplaces Type None
Laundry Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer
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