12921 Oxnard Street presents an excellent opportunity to acquire a well-maintained10-unit multifamily asset in the heart of Van Nuys, one of the San Fernando Valley's most established rental markets. Built in 1957, the property consists of an attractive unit mix of four (4) two-bedroom/two-bathroom units and six (6) one bedroom/one-bathroom… Read More units, catering to a broad tenant base seeking quality housing in a central location. The property has been under the same ownership for the past 16 years and has benefited from consistent maintenance and attentive management throughout its tenure. Investors will appreciate the strong in-place rental income coupled with the opportunity to further enhance cash flow through strategic rent growth and operational efficiencies over time. Ideally situated near the highly desirable communities of Sherman Oaks and Studio City, the property offers tenants convenient access to major employment centers, retail amenities, dining destinations, and transportation corridors throughout the San Fernando Valley and Greater Los Angeles. With its desirable unit mix, and value-add potential, 12921 Oxnard Street represents a compelling investment opportunity for both private and institutional multifamily investors seeking long-term growth in a proven rental market. Read Less
Property listed by Marcus & Millichap, Jeffrey Louks 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
16
Square Ft.
8,139
Lot Size
0.21 Acres
Year Built
1957
MLS Number
26850379
Additional Details
Building
Built in 1957, Living area: 8139.0, 1 building, Levels: MultiSplit
Heating
None
Income
Gross Income: $213,996, Net Operating Income: $119,731
Lot
0.2134 acres, Dimensions: 55x169
Parking
10 total parking spaces, None
Taxes
Parcel Number: 2331020006, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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