8204 Langdon Ave, Van Nuys, CA 91406

$5,800,000
36
BD
34
BA
19,938
SqFt
Sold Price
$5,800,000
List Price
$5,800,000
Closing Date
Nov 22, 2022
MLS#
22-168369
Status
SOLD
Type
Multifamily
Bedrooms
36
Bathrooms
34
Living Area
19,938

Property Description

We are pleased to exclusively present 8204 Langdon Avenue, a 34-unit apartment community, 1977 construction, located in the densely populated Van Nuys submarket of the San Fernando Valley. The property is just south of Roscoe Blvd, east of the 405 freeway, and is well situated on a 34,347 square foot lot. The close proximity to the 405 Freeway provides tenants with major transportation options, and within walking distance are major employment centers, such as The Galpin Motor Company and Anheuser Busch, as well as many other amenities. The building has a unit mix of 32 1+1s, and two (2) 2+1s, and also features on-site parking with 36 spaces, a laundry room, a sparkling swimming pool, and air-conditioning. This offering presents an investor an opportunity to own in a populated and appreciating market, with the ability to reposition the asset and achieve aggressive market rents. A notable deal point to strongly consider: the market Cap rate is more than double that of the current Cap rate.

Additional Information

Pool
Yes
Year Built
1977
Garage
Private, Gated, Uncovered

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of David Ballin Kaufman, David Kaufman. Selling Office: .

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