7243 VINELAND AVE, Sun Valley, CA 91352
-
Sold Price :
$2,070,000
-
Beds :
16
-
Baths :
12
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Property Size :
8,144 sqft
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Year Built :
1953
Property Description
We are pleased to announce the sale of 7243-7249 Vineland Avenue, a 12-unit multifamily property situated just one block from the cities of Burbank and North Hollywood, within Sun Valley, CA. Consisting of two separate six-unit buildings occupying two contiguous parcels, the property offers an investor the chance to add value by capitalizing on the significant rent upside, as current rents are approximately 61% below the market level. Expenses and deferred maintenance passed along to the buyer are limited by a variety of factors. The buildings do not appear on the LADBS seismic retrofit list (Buyer to verify), potentially saving an investor from an otherwise substantial capital expense. With one exception, every apartment has been upgraded with new laminate flooring and new granite countertops, while the common area features new roofs on the carport and storage area, new asphalt, and a new gate.
Interior Features
| Bedroom Information |
| Bedrooms |
16 |
| Bathroom Information |
| Bathrooms |
12 |
| Interior Information |
| Features |
Other |
| Cooling Type |
Air Conditioning |
Listing Information
| Address |
7243 VINELAND AVE |
| City |
Sun Valley |
| State |
CA |
| Zip |
91352 |
| County |
Los Angeles |
| Listing Agent |
Roderick 'Rick' Raymundo DRE #01357019 |
| Courtesy Of |
Marcus & Millichap |
| Close Price |
$2,070,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
8,144 |
| Lot Size |
12,482 |
| Year Built |
1953 |
Listing information courtesy of: Roderick 'Rick' Raymundo, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 24th, 2020 at 11:11 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
