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6537 WOODLEY AVE, VAN NUYS - EAST CA, 91406

(Closed)
Sold Price:
$1,895,000
Date:02/25/2014
|
13,354 sqft
|
MLS# 13666169
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Listing Provided Courtesy Of: Arthur Arejian, Broker
Last Updated: 7/25/2014 3:44 PM
Description for 6537 WOODLEY AVE VAN NUYS - EAST, CA 91406
The property consists of two separate two-story wood/frame & stucco structures as well as two single family residences with on-grade car-port parking spaces which is ample for the project, all on one parcel. It is also situated on a large 28,000 SF lot, opening up a future development opportunity to an astute investor.The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. The property has an existing loan in the amount of $960,000 with Greystone with an interest rate of 6.2%, this loan can NOT be paid off and must be assumed as there is a yield maintenance pre-payment penalty.The property sits on a 28,000 SF Lot, and is the perfect site for a new multi family or condo project in the future.Units are separately metered for Gas & Electricity. This building has a great
Price
Sold Price:
$1,895,000
Sold Date:02/25/2014
Los Angeles
13,354 (approx)
13666169
Closed
Description
The property consists of two separate two-story wood/frame & stucco structures as well as two single family residences with on-grade car-port parking spaces which is ample for the project, all on one parcel. It is also situated on a large 28,000 SF lot, opening up a future development opportunity to an astute investor.The property is currently 100% occupied and has always enjoyed a history of high occupancy due to the fact that the rents are below current market level and the location provides itself to be a hi-density renter submarket with strong rental demand. The property has an existing loan in the amount of $960,000 with Greystone with an interest rate of 6.2%, this loan can NOT be paid off and must be assumed as there is a yield maintenance pre-payment penalty.The property sits on a 28,000 SF Lot, and is the perfect site for a new multi family or condo project in the future.Units are separately metered for Gas & Electricity. This building has a great
Listing Information
Property Type: Multi-Family
28,000 Sq. Ft. Public Records 13,354 (approx)
Public Records $146.7 1959
Yes
17 Total
Neighborhood
Room Information
Interior Features
A/C - Other
Other
Exterior / Lot Features
20 Parking Spaces
LAR1
Driving Directions
North of Victory on the West side of the street.
Financial Considerations
2233028022
Income ,$69,998
Semi Annually
Listing Price History

VAN NUYS - EAST Real Estate

VAN NUYS - EAST is located in California.

Sales History
Tax Info
Listing Provided Courtesy Of: Arthur Arejian, Broker Arthur Arejian
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved.
Information is deemed reliable but is not guaranteed.

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