16057 Hartland St — Sale in Van Nuys, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Van Nuys, CA 91406
Photos
Investment Figures
- Cap rate
- 5.78%
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
16057 Hartland Street presents a compelling opportunity to acquire a five-unit multifamily investment in a solid Van Nuys location, offering investors an attractive combination of current income and long-term rental growth. The property features a desirable unit mix of three one-bedroom/ one-bathroom units and two three-bedroom/two-bathroom units. The two three-bedroom units were constructed in 2009 and are not subject to the Los Angeles City Rent Stabilization Ordinance (RSO), but are subject to CA State rent control, AB 1482. This allows an investor greater flexibility to capture future rental growth on the property’s largest units without the LA City RSO restrictions. Residents enjoy proximity to Lake Balboa, the Sepulveda Basin Recreation Area, major shopping and dining corridors, and some of the San Fernando Valley’s most established employment centers. Convenient access to the 405 and 101 Freeways provides connectivity throughout the Valley, Westside and greater Los Angeles. 16057 Hartland Street represents an opportunity to acquire a desirable multifamily asset with combination of two RSO-exempt three-bedroom units, a diversified unit mix, substantial parking and a strong Van Nuys location. Investment Highlights: • Unique Five-Unit Opportunity Solid Van Nuys Location • (3) 1+1, and (2) 3+2 Units. The 3+2 Units are NOT Subject to LA CITY RSO • Approximately 8,900 SF Lot Zoned R3-1
Market Context
This multifamily in Van Nuys, CA is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Van Nuys, CA — view the full market.
Contact
- Cole Hontas · (818) 212-2783 · cole.hontas@marcusmillichap.com
- Brett Sanson · (818) 212-2785 · brett.sanson@marcusmillichap.com
- Danny Abergel · (818) 212-2715 · danny.abergel@marcusmillichap.com
Explore this market
Similar Multifamily Property for Sale in Van Nuys, CA
- 5623 Woodman Ave — Contact for price · Van Nuys, CA
- 6956 Kester Avenue - Assumable Loan at 3.75% - $2,800,000 - due 6/1/2030 — Contact for price · Van Nuys, CA
- Multifamily in Van Nuys, CA — $2M · Van Nuys, CA