14111 SylvanVan Nuys, CA 91401

Description

14111 Sylvan St is a 2019 construction 5-unit located in the hottest area of Van Nuys, steps from the Courthouse! This 5-unit is one of the few newer construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.85%! At an impossible to beat price per door of $599,000, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2019 construction! 14111 Sylvan is made up of one large 4 bed, 4 bath single family residence and four equally as impressive 3 bed, 3 bath units with spacious floorplans, and 10 parking spots. The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, high ceilings, huge closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more! In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come!

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

2019

Stories

3

Building area

7,460 Sq Ft

Lot size

0.20 acres

Days on market

12

MLS^® Listing#

BB26225130

Property Features

Appliances

Dryer · Washer

Cooling

Central Air

Heating

Central

Fireplace

None

Pool

None

Parking

Assigned

Laundry

Washer Hookup · Electric Dryer Hookup · Inside

Lot features

Landscaped

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

2240015016

Directions

From the 170 Freeway, exit Sherman Way and head west. Turn left on Hazeltine Avenue, then right on Sylvan Street. 14111 Sylvan Street will be on your right