Van Nuys CA Real Estate & Commercial for Sale

Discover a unique opportunity with this rare industrial-zoned property situated in the heart of the Van Nuys Airport area. Spanning a 7,399 square foot parcel, this property features an existing residential structure. Positioned just one mile from the 405 Freeway onramp, this property offers exceptional access for logistics and commuting. Its minutes away from key local amenities, including the Van Nuys Flyaway, FedEx, and UPS distribution centers, ensuring seamless connectivity and convenience for your business operations. The existing structure on the parcel provides immediate usability, with utilities already in place. With its industrial zoning (buyer to verify), this property is perfect for a variety of business uses, from manufacturing and distribution to research and development.

Huge Price Adjustment. 24 Units + One Non-Conforming Unit. Garden Style Two Story Multifamily Complex in West Van Nuys Area. Property Consist Of 7-2Br.+1Ba. 17-1 Br.+ 1 Ba. 21,133 Sq. Ft Lot, 18,602 Sq. Ft. Rental Space, Pool, On-Site Laundry, Private Balconies, Separate Miters, 24 Gated Parking Spaces w/New Sliding Gate Motor, Four Years Old Roof, Brand New Pool Equipment and Brand-New Metal Pool Child Proof Fence, Some Units Recently Remodeled, Property Fully Occupied. Rents Below Market Rate with Great Upside Opportunity. Convenient Corner Location with Easy Connectivity to 405/101/118 Fwys. Additional Street Parking, Good Neiborhood Schools. Bread and Butter Investment......

Featuring spacious floorplans and a unit mix that contains nearly all two- and three-bedroom apartments, the property spans 12,568 gross square feet. The building occupies a corner lot near the intersection of Sherman Way and Haskell Avenue. The current owner has installed full copper plumbing, replaced nearly every window in the building, and upgraded the main electric panel. A new investor may be able to use existing permits to complete two ADUs, which may also remove the need for any seismic retrofit repairs (Buyer to verify). Every unit interior has been renovated with decorative tile flooring, granite countertops, and remodeled bathrooms. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.