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  • 14161 Friar St Van Nuys
  • Listing Price: $1,100,000 Sold Price: $945,000
    Beds: 6  |  Baths: 4
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    • MLS#: 21-765396
    • APN#: 2240-014-025
    • Status: Sold
    • Lot Size: 7500
    • Sq Ft: 2944
    • Beds: 6
    • Baths: 4
    • Style: N/A
    • Year Built: 1913
    • Subdivision:  
    • Roof: N/A
    • Spa: None
    • Tennis: None
    • Laundry: N/A
    • Heat: Wall
    • Air: Air Conditioning
    • Property Type: Income
    • Sale Type: Standard
    • Land Type: Fee
    • Lease Amount: N/A
    • Lease Exp: N/A
    • HOD: N/A
    • Area: Van Nuys 
    • City: Van Nuys
    • Zip code: 91401
    • Map: N/A
    • View: N/A
    • Waterfront: N/A
    • Sewer: N/A
    • Parking # 4
    • Security: N/A
    •    
    • Amenities: N/A
    • Pool: None
    • Floor: Laminate, Carpet
    • Rooms: N/A
    • Fireplace: N/A
    • Parking: Driveway - Concrete, Garage

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We are pleased to present a four (4) unit apartment building located at 14161 Friar Street in Los Angeles, California. The subject property is located in a prime Van Nuys location, south of Victory Boulevard and west of Hazeltine Avenue. The Most populous municipality in Los Angeles San Fernando Valley is Van Nuys. Located in central LA county, Van Nuys is close to many of the states major highways, making travel and day trips easy for those looking to experience many of Southern California's premier attractions quickly. Van Nuys retains several old neighborhoods, original Spanish mission and art deco architecture that gives it more character than many nearby cities and towns. Van Nuys is home to many noteworthy food and entertainment spaces surrounding the subject property on Victory Boulevard, Woodman Avenue, Oxnard Street, and Van Nuys Boulevard. Van Nuys is also home to some of Los Angeles most sought-after outdoor amenities in Lake Balboa Park, including Woodley Park Archery Range, Japanese Garden, Sepulveda Basin Wildlife Reserve, Anthony C. Beilenson Park Van Nuys Gold Course, and Pedlow Skate Park. All of these outdoor spaces sit together, north of the -101 Freeway and west of the -405 Freeway. The subject property is also close to the -5, -170, and -134 Freeways. Located adjacent to Sherman Oaks, this offering contains a good unit mix of three (3) one-bedroom / one-bathroom units and one (1) three-bedroom / one-bathroom unit. These units sit in two (2) buildings totaling 2,944 SF on a large 7,499 SF lot. The front house will be delivered vacant. With a zoning ordinance of RD1.5-1, there is potential for five (5) units by-right and a TOC density bonus allowing for a total of seven (7) potential units on the property. With two garage spaces that will also be delivered vacant, there is a great option to convert them into an ADU unit right below the present triplex structure in the back. The well-maintained property includes on-site parking and offers residents easy access to nearby commercial corridors. Tenants can walk (1) block north to Victory Boulevard to visit Martha's Bakery, Gayane Grocery, Famous Pizza, Picka Rico Takeout, Goodwill, and Short Stop Convenience Store. Residents can walk ten (10) minutes west to enjoy the many amenities on Van Nuys Boulevard including Farm Table Co, Bargain Books, Taqueria Emmanuel Takeout, The White Candle, Mendy's Gym, and Valley Downtown Grocer. Some nearby schools include Van Nuys High School, Van Nuys Elementary School, Kittridge Street Elementary, Sylvan Park Elementary School, and Los Angeles Valley College. Situated in a prime Van Nuys location, this offering present an excellent opportunity for a savvy investor to capitalize on strong rental upside while renovating the vacant front house and adding an ADU unit.
Seller's Agents
Buyer's Agents
Last Updated: 9/2/2021 9:14:56 AM
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