14111 Sylvan, Van Nuys, CA 91401
14111 Sylvan, Van Nuys, CA 91401
14111 Sylvan, Van Nuys, CA 91401
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$2,995,000
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8,772 Sqft Lot
New

14111 Sylvan Van Nuys, CA 91401

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26225130

HOA Y/N No

Year Built 2019

Lot Size 8,772 Sqft

Property Sub-Type Apartment

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!

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dryer, Washer

Laundry Washer Hookup, Electric Dryer Hookup, Inside

Exterior

Parking Features Assigned

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights

Private Pool No

Building

Lot Description Landscaped

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 2240015016

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Lease Land No


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Listed by Lauren Cearley Myunits.com Inc. 213-302-8662, DRE #02146823
NEARBY SCHOOL & BUSINESS
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Mark Witte

Mark Witte

Agent CA 02102425

+1(949) 269-7270

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14111 Sylvan