Van Nuys, CA 91406,8204 LANGDON AVE
Van Nuys, CA 91406,8204 LANGDON AVE
Van Nuys, CA 91406,8204 LANGDON AVE
Van Nuys, CA 91406,8204 LANGDON AVE
Van Nuys, CA 91406,8204 LANGDON AVE
Van Nuys, CA 91406,8204 LANGDON AVE
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$5,800,000

$5,800,000

Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by David Kaufman • David Ballin Kaufman
Bought with David Kaufman • David Ballin Kaufman
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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