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Key Details
Sold Price $9,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 26,869 sqft
Price per Sqft $364
MLS Listing ID 21776030
Sold Date 11/30/21
HOA Y/N No
Year Built 1987
Lot Size 0.369 Acres
Acres 0.3686
Property Description
Amazing value for an income property with huge potential right off Ventura Blvd on a quiet street in Encino! Strategically located close to the 101 and 405 freeway on ramps, this well-maintained 26,869 SF, 20-unit apartment building comes with four 2 bed/2 bath units, each with unique layout, many beautifully updated and all occupied. Current rent is extremely low for the location and size of the units, allowing for incredible value add with potential to increase rents. Amenities include a spacious lobby, outdoor sitting area, recreation room, gym, and two parking spaces per unit with an additional large subterranean parking garage. In addition to the buildings coveted features, its in a premier location just steps from local restaurants, supermarkets, banks, and an assortment of retail stores. Don't miss out on this rare opportunity off one of the hottest streets in Encino!
Location
State CA
County Los Angeles
Area Enc - Encino
Zoning LAR3
Interior
Heating Central
Cooling CentralAir
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Garage CommunityStructure
Pool None
Parking Type CommunityStructure
Total Parking Spaces 40
Private Pool No
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 2261038072
Special Listing Condition Standard
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Bought with Anita Stephan • Compass
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960