Description

100% STABILIZED- CURRENT MONTHLY RENT ROLL IS $23,350.00 MONTHLY - 6 UNITS ARE NOW LEASED. Introducing this stunning 6-Unit modern contemporary 3 story townhouse style, 2024 NEW CONSTRUCTION with NO RENT CONTROL - (lot size: 10,082 and the combined living Sq Ft 10,422 & 21 bedrooms/21 full size bathrooms & 5 powder rooms and 10 unrestricted parking spaces) located in the Van Nuys submarket of the San Fernando Valley. Only $649,000 per unit: this Van Nuys neighborhood is experiencing incredible growth and an overflow from young professionals along with multi-generational families. The Developer has paid careful attention to all the details of the building to stand out from other new buildings. The subject property is in high-demand rental location near the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), commuters enjoy easy access to the 101 and 405 freeways, major public transportation (Metro Orange Line), and Hospitals (Valley Presbyterian). Each unit is separately metered, ensuring the landlord incurs no utility expenses. This property offers a unique blend of contemporary amenities, cost-saving features, and income potential, making it a highly recommended investment option in the Van Nuys submarket. This area is one of the most densely populated areas within the Los Angeles City. Don't miss out on the opportunity to earn positive cash flow with annual rent increases, leverage new construction tax benefits, minimize maintenance costs, 1 Yr. fit and finish builder’s warranty. Make this the one and witness appreciation in one of the San Fernando Valley’s most historically robust markets. Call today, we welcome your 1031 exchange here! **6 UNITS ARE NOW LEASED**