6319 Cedros Avenue Van Nuys, CA 91411
Listing Courtesy of: CRMLS / Dana Brody / Dana Brody

  6319 Cedros Avenue Van Nuys, CA 91411

Sold (32 Days)
$940,000
6
BED
4
BATH
2,760
SQFT

Description

We are very pleased to exclusively offer for purchase Friar House, a rare side by side duplex featuring two 3 bedroom, 2 bath units totaling 2,760 square feet, boasting an average of 1,380 square feet per unit that will be delivered 100% vacant. Situated on a 6,249 square foot corner lot zoned R3, the units feature central air and heat, washer/dryer hookups, 3 bedrooms, 2 bathrooms and will be delivered vacant and ready to be rented as is or remodeled to achieve market rents. Built in 1945, the units have a lot of original charm like crown and base moulding but also updates which include new windows, copper plumbing and updated electrical. Market rents for updated and new construction units top well over $3 per foot in the area, which means once remodeled these 3+2 units could easily garner $4,000 per unit. Once remodeled and re-leased at market rents, the property offers a 6.2% cap rate and a 10 GRM. In addition to the remodeling option, there may be re-development potential as the lot is 6,249 square feet zoned R3 which by right allows 7 units. Don't miss this amazing remodel opportunity that is 100% vacant and ready to be re-imagined right away by a new owner!

MLS #:
24390557
Lot Size
6,251 SQFT
Type
Multifamily
Year Built
1945
County
Los Angeles County

Listed By

Dana Brody, Dana Brody
Bought with
Masoud Ardalan, DRE #01929682 CA, Coldwell Banker Platinum Prop
Source
CRMLS
Last checked Dec 23 2024 at 2:24 AM GMT+0000
Bathroom Details
Interior Features
  • Disposal
Heating and Cooling
  • Central
  • Central Air
Flooring
  • Laminate
Parking
  • Uncovered
Stories
  • 1
Living Area
  • 2,760 sqft
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.