8819-8823 Lankershim UNIT 8823,  Sun Valley CA, 91352 (Residential Income)

8,112 sqft
Status: Backup Offers
MLS#: SR16179085
Skip Slideshow
Last Updated: 12/3/2016 4:27 PM
Description for 8819-8823 Lankershim Sun Valley, CA 91352
**EXEMPT**SOFT STORY RETROFIT. ***INCOME PROPERTY*** 12 Apartment Units * A GREAT INVESTMENT OPPORTUNITY *EXCELLENT MIX* Four units are 2 Bedroom + 1 Bath, and 8 units are 1 Bedroom + 1 Bath. TWO SEPARATE 6 UNIT BUILDING W/ GATED DOUBLE LOTS of 12,494 sq ft. & 8112 Construction.. 4 of the units (2bed+1bath) were build in 1997 and may not need retrofitting (Buyer to investigate). ALL SEPARATE GAS & ELECTRIC METERS...... 26 PARKING SPACES.. Laundry hook up 3 washers & dryers (no outside contract) SITUATED IN A GROWING AREA, GOING RENTAL PRICES ARE VERY HIGH... MINUTES AWAY FROM BURBANK CITY & CITY OF LOS ANGELES..100% occupied with 20%+ upside..GROSS ACTUAL $157,000+ , OPERATING EXPENSES $21,000... PROJECTED GROSS INCOME $200,000.+ ....$
Price
$1,998,000
Los Angeles
8,112 (approx)
SR16179085
Backup Offers
Description
**EXEMPT**SOFT STORY RETROFIT. ***INCOME PROPERTY*** 12 Apartment Units * A GREAT INVESTMENT OPPORTUNITY *EXCELLENT MIX* Four units are 2 Bedroom + 1 Bath, and 8 units are 1 Bedroom + 1 Bath. TWO SEPARATE 6 UNIT BUILDING W/ GATED DOUBLE LOTS of 12,494 sq ft. & 8112 Construction.. 4 of the units (2bed+1bath) were build in 1997 and may not need retrofitting (Buyer to investigate). ALL SEPARATE GAS & ELECTRIC METERS...... 26 PARKING SPACES.. Laundry hook up 3 washers & dryers (no outside contract) SITUATED IN A GROWING AREA, GOING RENTAL PRICES ARE VERY HIGH... MINUTES AWAY FROM BURBANK CITY & CITY OF LOS ANGELES..100% occupied with 20%+ upside..GROSS ACTUAL $157,000+ , OPERATING EXPENSES $21,000... PROJECTED GROSS INCOME $200,000.+ ....$
Listing Information
Property Type: Cluster, 2 Story
0.28 Acres 1,249,400 sq.ft. 8,112 (approx)
$246.3 1956
2
Gas Water Heater, Private Water Service
Neighborhood
Room Information
Common
Counter Top - Formica
Interior Features
Carpet and Other, Ceramic Tile, Hardwood Laminate
Electric, Window/Wall Unit, Ceiling Fan(s)
Wall Unit
No Fireplace
Granite Counter Top
Exterior / Lot Features
26 Parking Spaces, Assigned Parking Space
None
No Pool
Urban
Driving Directions
Cross Streets: North 5 Fwy /W San Fernando Rd
Financial Considerations
2631012064
$159,000 Income ,$21,000Expense
Listing Price History

Sun Valley Real Estate

Sun Valley is located in California. Sun Valley, California 91352 has a population of 45,494.

The median household income in Sun Valley, California 91352 is $48,282. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Sun Valley 91352 is 32.7 years.

Loading nearby sales and history ...
Courtesy: Intero Real Estate Services Irma Vergaray
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation
My Drive Time
Enter your work address to view actual drive times with traffic for this property

No    Yes

Calculate & Save Calculating ...
Calculating ...
Here is the weekday INRIX Drive Time from this property to .

When you register, you will receive ...

Weekday drive times
Plus all these great features

  • Drive Time calculations that inform you about traffic conditions from the property you are interested in to your place of work, along with driving directions.
  • Automatic Drive Time calculations for every property. Simply enter your work address to start.
  • Access to INRIX Drive Time data that is used by Garmin, Pioneer, Toyota, and many other well-known companies.
  • Other benefits from being a registered user including: saved properties, saved searches, price alerts, notes, direct access to your agent and much more!

Register or login today to take advantage of Drive Time
Nearby homes for sale
Recent sales nearby