Investment Overview

Marcus & Millichap is pleased to present a seventeen unit multifamily property located in an desireable Lake Balboa/ Van Nuys location. Built in 1985, the property is not subject to LA City Rent Control (Still Subject to CA Rent Control AB1482). There is a nice unit mix of two-Studios, thirteen one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Located on Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. The Van Nuys Golf Course, Sepulveda Basin Recreation Center, and the Van Nuys Airport are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA City Rent Controlled asset in a dense rental market.