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7234 Allott Avenue

Van Nuys, CA 91405
  • $1,799,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: GD22113415
UPDATED: 33 min ago
$1,799,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Artak Dovlatyan of Specialized Realty (818-546-1212)


Description

Presenting 7234 Allott Ave, an amazing investment opportunity to acquire a 4-unit income property PLUS an awaiting RTI ADU centrally located in Van Nuys bordering North Hollywood! The property features 4 spacious individual bungalow style units consisting of newly remodeled 1bd/1ba units, 3 of which were recently leased at market value. Seller has already submitted plans for a 1,200 SF 2bd/2ba ADU which will add to the value tremendously. Zoned LARD1.5, the total rentable area is 2,501 SF situated on a large 11,003 SF lot with abundant parking, making it ideal for future development or ADU addition. Occupy the vacant unit as the owner and start collecting rent immediately and be proud to own this jewel in a dense urban infill with easy access to the 170 Freeway and Metro G Line.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/130899816
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7234 Allott Avenue Van Nuys, CA 91405

  • Price: $1,799,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 33 min ago
  • ID#: GD22113415
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1955
Built
Neighborhood:
VN - Van Nuys
County:
Los Angeles
Area:
VN - Van Nuys
Property Description
Presenting 7234 Allott Ave, an amazing investment opportunity to acquire a 4-unit income property PLUS an awaiting RTI ADU centrally located in Van Nuys bordering North Hollywood! The property features 4 spacious individual bungalow style units consisting of newly remodeled 1bd/1ba units, 3 of which were recently leased at market value. Seller has already submitted plans for a 1,200 SF 2bd/2ba ADU which will add to the value tremendously. Zoned LARD1.5, the total rentable area is 2,501 SF situated on a large 11,003 SF lot with abundant parking, making it ideal for future development or ADU addition. Occupy the vacant unit as the owner and start collecting rent immediately and be proud to own this jewel in a dense urban infill with easy access to the 170 Freeway and Metro G Line.
Exterior Features

Foundation Details Slab Lot Features LawnRectangular Lot Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.1 Common Interest None Community Features Urban Electric Expense 605 Garage YN No Gross Income 102000 Gross Scheduled Income 102000 Insurance Expense 2300 Land Lease YN No Laundry Features InsideStacked Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional1031 Exchange Net Operating Income 73264 New Construction YN No New Taxes Expense 22487 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 3 Operating Expense 28736 Property Condition Updated/Remodeled Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 75600 Trash Expense 0 Water Sewer Expense 2624 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T00:25:59.26. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Artak Dovlatyan of Specialized Realty (818-546-1212)