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6438 Mammoth Ave Van Nuys, CA 91401
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,504 sqft
Price per Sqft $355
MLS Listing ID 24-410375
Bedrooms 1
Year Built 1963
Lot Size 8,259 Sqft
Property Description
We proudly present this exceptional opportunity to own an apartment building located in the highly sought-after pocket of Valley Glen. 6438 Mammoth Ave consists of (9) spacious studio + one bath units and (1) one-bedroom + one-bath apartment for a total of 10 legal units. The property has ample onsite parking, recent upgrades including new windows and sliding doors, full copper plumbing, and completion of the soft story retrofit work in 2019. Moreover, the property just adjacent located on 6444 can also be purchased together to own at total of 16 units side by side with no requirement of an onsite manager. Current loan can be assumed with a 4.41% interest rate fully amortized due in 2027 with Chase Commercial loan financing. Priced at only $160k per unit, its proximity to supermarkets, fitness centers, public transportation, hospitals, schools, and more, makes this offering an ideal investment with tons of upside by adding ADUs or enjoying cash flow from its current state!
Location
State CA
County Los Angeles
Area Valley Glen
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Window Unit(s)
Equipment None
Exterior
Parking Features Covered Parking, Assigned, Uncovered
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Jacob Iloulian