$5,800,000
$5,800,000
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36 Beds
34 Baths
19,938 SqFt
SOLD DATE : 11/22/2022
Key Details
Sold Price $5,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 19,938 sqft
Price per Sqft $290
MLS Listing ID 22168369
Sold Date 11/22/22
Bedrooms 36
HOA Y/N No
Year Built 1977
Lot Size 0.786 Acres
Property Description
We are pleased to exclusively present 8204 Langdon Avenue, a 34-unit apartment community, 1977 construction, located in the densely populated Van Nuys submarket of the San Fernando Valley. The property is just south of Roscoe Blvd, east of the 405 freeway, and is well situated on a 34,347 square foot lot. The close proximity to the 405 Freeway provides tenants with major transportation options, and within walking distance are major employment centers, such as The Galpin Motor Company and Anheuser Busch, as well as many other amenities. The building has a unit mix of 32 1+1s, and two (2) 2+1s, and also features on-site parking with 36 spaces, a laundry room, a sparkling swimming pool, and air-conditioning. This offering presents an investor an opportunity to own in a populated and appreciating market, with the ability to reposition the asset and achieve aggressive market rents. A notable deal point to strongly consider: the market Cap rate is more than double that of the current Cap rate.
Location
State CA
County Los Angeles
Area Noh - North Hills
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher
Laundry Laundry Room
Exterior
Garage Gated, Private, Uncovered
Pool In Ground
Total Parking Spaces 36
Building
Story 1
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2654036021
Special Listing Condition Standard
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Bought with David Kaufman • David Ballin Kaufman
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States