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14249 Sylvan Street, Van Nuys, CA 91401
$3,700,000
14249 Sylvan Street, Van Nuys, CA 91401View this property at 14249 Sylvan Street, Van Nuys, CA 91401
14249 Sylvan StreetVan NuysCA91401
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Property Description
14249 Sylvan St is a 2023 construction 6-unit located less than 5 minutes from Sherman Oaks in the best area of Van Nuys (steps from the Van Nuys Courthouse). This 6-unit is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.67%! At an impossible to beat price per door of $615,833, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2023 construction!
14249 Sylvan is made up of one large 4 bed, 4 bath tri-level single family residence, four 3 bed, 3 bath tri-level townhomes style units, a 1 bed, 1 bath unit (ADU) with spacious floorplans, and 10 parking spots (8 garage spots & 2 exterior spots). The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, private rear yards, high ceilings, huge walk in closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder's warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Full Property Details
Full Property Details for 14249 Sylvan St
General
- Sold For: $3,700,000
- Status: Closed
- Type: Multi-Family
- MLS ID: BB23154703
- Added to Site: 297 day(s) ago
Interior
- Rooms/Areas: Kitchen
- Interior Features: Balcony, Living Room Balcony, Open Floorplan, Unfurnished
- Fireplace(s): None
- Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Tankless Water Heater
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: Dryer Included, Inside, Washer Included
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 8
- Parking Features: Assigned, Driveway, Garage
- Parking: Assigned, Driveway, Garage
Location
- Area: VN - Van Nuys
- County: Los Angeles
- Development Name: VN - Van Nuys
- Driving Directions: On Sylvan between Van Nuys Blvd and Hazeltine Ave
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 6
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- Architectural Style: Modern
- Entry Location: front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 7,788
- Year Built: 2023
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 4
- Bedrooms: 4
Unit 2
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 4
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 5
- Number of Units: 1
- Total Bathrooms: 3
- Bedrooms: 3
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.2008
- Lot Size Source: Assessor
- Zoning: LARD1.5
- Lot Description: Back Yard, Front Yard, Landscaped, Paved, Yard
Financial Considerations
- Price Per Sq. Ft.: $475.09
- Price Per Unit: 615833
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by The 2-4 Unit Specialists, Elizabeth Maddox
Sold by Voit Real Estate Services, David Fults
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Schools
Schools serving 14249 Sylvan St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
6464 Sylmar Ave, Van Nuys, CA 91401 | K-5 | 0.3 mi | |
5435 Vesper Ave, Van Nuys, CA 91411 | 6-8 | 1.1 mi | |
6535 Cedros Ave, Van Nuys, CA 91411 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 14249 Sylvan St
Date
Details
Price
Change
Source
11/30/2023
Sold
$3,700,000
0.14%
MLS
9/14/2023
Price Reduced
$3,695,000
-2.64%
MLS
8/18/2023
Listed
$3,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
14249 Sylvan Street, Van Nuys, CA 91401 (MLS# BB23154703) is a Multi-Family property that was sold at $3,700,000 on November 30, 2023. Want to learn more about 14249 Sylvan Street? Do you have questions about finding other Multi-Family real estate for sale in Van Nuys - West? You can browse all Van Nuys - West real estate or contact a Coldwell Banker agent to request more information.