14201 Friar St, Van Nuys, CA 91401

Property Description

Introducing an unparalleled investment opportunity: a strategically positioned triplex in a high-demand area, zoned LARD 1.5, ripe for immediate income and extensive future development. This property represents a rare find for investors looking to capitalize on both current rental income and expansive growth potential.Property Features:Diverse Unit Composition: The heart of this investment is the middle unit, a beautifully remodeled one-bedroom, one-bathroom sanctuary, complete with an in-unit washer and dryer for utmost convenience. This unit's modern finishes and thoughtful upgrades set the standard for comfort and style within the property.Ample Parking: A standout feature is the extensive parking availability, a coveted amenity in urban living, ensuring ease and accessibility for tenants and visitors alike.Expansion Potential: With LARD 1.5 zoning, this property doesn't just offer a solid income stream; it presents vast opportunities for development. The unique potential to expand up to 8 units, especially by adding a second story to the existing two-bedroom unit, catapults this investment into a realm of significant growth prospects.Situated in a neighborhood renowned for its strong rental market, this triplex not only generates stable income but also stands as a beacon for development possibilities. The existing structure serves as a foundation for a visionary investor to reshape, expand, and maximize the site's full potential, aligning with the area's growing demand for residential units.Whether you're drawn to the immediate income possibilities or the enticing prospect of developing additional units, this triplex offers a compelling blend of profitability and potential. It's an investment poised for growth, ready to meet the needs of the market today and tomorrow.Don't miss this rare opportunity to own a piece of strategic real estate with both current appeal and future promise. Schedule a showing to explore the possibilities firsthand and envision the future you can build with this exceptional investment property. Seller is motivated so bring your best offer before its too late.