Vintage homes for sale & real estate in 91616, CA

Vintage Home for sale in 91616, CA:

Discover a rare and highly desirable investment opportunity in one of the San Fernando Valley’s most dynamic and rapidly appreciating neighborhoods. This unique corner-lot development offering spans over * * 12,000 square feet across two contiguous parcels * * and is entitled for * * five spacious residential units * * , presenting tremendous upside for builders, developers, and investors seeking long-term value in the thriving NoHo market.

Vintage Home for sale in 91616, CA:

* Financial Metrics * - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . * Property Features * - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. * ADU Potential * - 2 ADUs are RTI, and there is potential to add a third ADU. * Location Benefits * - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. * Capital Improvements * - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. * Walk Score * - Very walkable neighborhood with a 72 Walk Score-

Vintage Home for sale in 91616, CA:

Well maintained investment property in Van Nuys, near Valley Glen. Ideally situated for a rental property, close to freeways, shopping, restaurants, schools, and Houses of Worship. High visibility high traffic street. LOW RENTS, over 37% of Upside. Incredible Opportunity to raise income in the Future as Units turn over. Laminate Floors. Tremendous Unit Mix- (5) 2+1, (2) 1+1. Oversized Living Spaces, an average of approximately 1,000 square feet per apartment. Great Opportunity for Future Potential.

Vintage Home for sale in 91616, CA:

Excellent location 2 doors down from Burbank boulevard Elementary school. Restaurants and shopping nearby. Easy access to the Orange Line, 170 Freeway. Nostalgic and nestled in a quiet, peaceful neighborhood with very little traffic. Units are 3 beds 1 bath, 2 bedrooms 1 bath and 2 bedrooms 1 bath. total 7 bedrooms and 3 baths.