14553 Hartland St & 6840 Vesper Ave — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Los Angeles, CA 91405
Photos
Investment Figures
- Cap rate
- 5.39%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The Azzi Group of Marcus & Millichap is pleased to present 14553 Hartland Street & 6840 Vesper Avenue, a 17-unit multifamily portfolio in Van Nuys, California. The offering consists of two adjacent fee-simple parcels totaling approximately 12,241 SF on 16,780 SF of land, with 14 parking spaces and a unit mix of 11 one-bedroom units, four two-bedroom/two-bath units, one two-bedroom/one-bath unit, and one detached two-bedroom/one-bath residence. The properties feature a completed seismic retrofit, on-site laundry, gated entry, and tenant-paid electricity and gas. Investment Highlights: • Two-parcel, 17-unit multifamily investment opportunity in the heart of Van Nuys, consisting of a 12-unit property at 14553 Hartland Street and a 5-unit property at 6840-6848 Vesper Avenue. • Efficient unit mix: (11) 1 Bed / 1 Bath units, (4) 2 Bed / 2 Bath units, (1) 2 Bed / 1 Bath unit and (1) detached 2 Bed / 1 Bath SFR. • Completed seismic retrofit with Certificate of Compliance issued March 18, 2022. • Tenants are responsible for electricity and gas, helping reduce owner-paid utility exposure. • On-site laundry facilities provide additional income, while secure gated entry and on-site parking enhance tenant convenience and security. • Centrally located within the San Fernando Valley with convenient access to Van Nuys Airport, NoHo West, Costco, 99 Ranch Market, Lake Balboa Park and major regional freeways including the 101, 170 and 405. • Surrounded by major San Fernando Valley employment, retail and entertainment destinations with convenient connectivity to Sherman Oaks, North Hollywood, Lake Balboa and other major Valley submarkets.
Market Context
This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.
Contact
- Tony Azzi · (310) 909-5454 · tony.azzi@marcusmillichap.com
- Arteen Zahiri · (310) 909-5433 · arteen.zahiri@marcusmillichap.com
- Rabbie Banafsheha · (310) 909-2316 · rabbie.banafsheha@marcusmillichap.com
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