14111 Sylvan St, Van Nuys
2019 Built Fully Leased 5-Unit | 5.85% Cap
The 5+ Unit Specialists are pleased to present 14111 Sylvan St, a fully leased, 2019-built 5-unit offered at $2,995,000 with a current 5.85% cap rate. Featuring one 4-bed/4-bath residence and four 3-bed/3-bath units, the property generates $224,940 in annual scheduled rent. Highlights include separate gas, water and electric meters, 10 parking spaces, in-unit laundry, central HVAC and designer kitchens with large islands. Conveniently located near the Van Nuys Courthouse, shopping and dining.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
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Bldg. SF:
Lot SF:
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$2,995,000
5-Unit
For Sale
5
2019
5.85%
13.31
$224,940/Year
7,460 sqft
8,772 sqft
$456.55
$599,000
1x 4b/4b, 4x 3b/3b
No
10 Parking Spaces
No
Other Features:
Private Washers/Dryers for Each Unit, No Rent Control, Fully Leased
The Highlights
FULLY LEASED at an outstanding cap rate of 5.85%! CASH COW!
No rent control!
100% STABILIZED! Step into major cash flow on day one.
Ultra-low price per door of $599,000.
Units boast ultra-premium finishes, including large kitchen islands, designer
tiles, natural wood waterproof vinyl.
Boasts 10 total parking spots!
High ceilings, quality wood doors, ample windows, large closets, and
more!
Great tenants in place!
Steps from the Van Nuys Courthouse.
Moments from countless mixed-use developments such as the Village
Plaza, the Plant Shopping Center, and the Westfield Fashion Square!
All units separately metered for gas, electric AND water! Microscopic
expenses!
The Neighborhood
<15-Minute Walk
Garcia Bros Cafe, MacLeod Ale Brewing Co, Oxnard Coffee Shop, Bill's Burgers, Pho So 1, Sushi Note ,Mizlala, FarmTable Coffeehouse, Sushi Tomoki, Sherman Oaks / Valley Glen Corridor
<15-Minute Drive
Bacari Sherman Oaks, On The Thirty, Anajak Thai, Daisy Margarita Bar, Petit Trois Le Valley, Ventura Boulevard, Universal Studios Hollywood, The Sherman Oaks Galleria
<$15 Uber Ride
Casita, Buvette, Tipsy Cow, Firefly, The Local Peasant, Laurel Tavern, Idle Hour, Westfield Fashion Square, Universal CityWalk Hollywood, Augustine Wine Bar
Property Presented By:
