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    14435 Hamlin Street

    Van Nuys, CA 91401
    • $4,096,427
    • STATUS: Active
    • ON SITE: 52 days
    • ID#: SR20209426
    UPDATED: 73 min ago
    $4,096,427
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,240
      SQFT
    • $269
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Price just reduced over $200,000! Great medical office building with elevator. 3 floors. 2 above ground level. Low rents for the area. Potential of part owner user with almost 65% potentially available for an owner user through month to month tenants or leases coming due within a year. Well maintained and managed by owner. Elevator motors recently replaced within the last few years at a cost of over $150,000. LED lights throughout. Close to the Van Nuys Civic center and courthouse. Price recently reduced to sell. This will not last. Great potential to raise rents and a great 1031 exchange property.HIGHLIGHTSLow RentsLong Term TenantsWell maintained buildingGreat 1031 exchange propertyClose to Van Nuys Civic CenterPotential owner user building or great with leaving tenants in place

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T10:27:48.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/110720331
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    14435 Hamlin Street Van Nuys, CA 91401

    • Price: $4,096,427
    • Status: Active
    • Updated: 73 min ago
    • ID#: SR20209426
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    15,240
    SQFT
    $269
    $/SQFT
    1951
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    Price just reduced over $200,000! Great medical office building with elevator. 3 floors. 2 above ground level. Low rents for the area. Potential of part owner user with almost 65% potentially available for an owner user through month to month tenants or leases coming due within a year. Well maintained and managed by owner. Elevator motors recently replaced within the last few years at a cost of over $150,000. LED lights throughout. Close to the Van Nuys Civic center and courthouse. Price recently reduced to sell. This will not last. Great potential to raise rents and a great 1031 exchange property.HIGHLIGHTSLow RentsLong Term TenantsWell maintained buildingGreat 1031 exchange propertyClose to Van Nuys Civic CenterPotential owner user building or great with leaving tenants in place
    Exterior Features

    Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 26.00 Roof Flat Uncovered Spaces 26.00

    Interior Features

    Condo Area Units Square Feet Heating Central Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.20 Country Us Current Financing Conventional Effective Gross 395414 Electric Expense 34602.00 Gross Scheduled Income 414672.00 Insurance Expense 7328.00 Land Use Office Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 110996.00 Number Of Units Leased 17 Operating Expense 142690.00 Other Income1 0.00 Property Sub Type Office Real Estate Tax Expense 45060.00 Reserves Expense 10000.00 Special Listing Conditions Standard Tax Annual Amount 45060.00 Total Expenses 45700.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 19258 Vacancy Allowance Rate 5.00 Water Source Public Zoning C-2

    Listing provided courtesy of Brian Hatkoff of Hatkoff Investments and Steven De Vore of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T10:27:48.343. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731