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14249 Sylvan ST Van Nuys, CA 91401
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Key Details
Sold Price $3,700,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB23154703
Sold Date 11/30/23
Construction Status Turnkey
HOA Y/N No
Year Built 2023
Annual Tax Amount $43,066
Lot Size 8,746 Sqft
Property Description
14249 Sylvan St is a 2023 construction 6-unit located less than 5 minutes from Sherman Oaks in the best area of Van Nuys (steps from the Van Nuys Courthouse). This 6-unit is one of the few new construction properties that will be delivered FULLY RENTED! Avoid the stress of buying a vacant building and leasing up all the units yourself… instead, inherit a smoothly running, ultra-high cap rate property with great tenants! The existing cap rate is a whopping 5.67%! At an impossible to beat price per door of $615,833, this will be gone before you know it. Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, premium design, and the ease of owning a hassle-free 2023 construction!
14249 Sylvan is made up of one large 4 bed, 4 bath tri-level single family residence, four 3 bed, 3 bath tri-level townhomes style units, a 1 bed, 1 bath unit (ADU) with spacious floorplans, and 10 parking spots (8 garage spots & 2 exterior spots). The excellent location, walking distance to the Van Nuys Courthouse, paired with the upscale modern units makes for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to: designer tiles, quality wood doors, all appliances included, modern glossy cabinets, large islands, private rear yards, high ceilings, huge walk in closets, balconies off the living space, countless windows everywhere you look allowing for maximum light, natural wood water proof vinyl, and more!
In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder's warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LARD1.5
Interior
Interior Features Balcony, Open Floorplan, Unfurnished
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Dryer, Washer
Laundry Inside
Exterior
Parking Features Assigned, Driveway, Garage
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 10
Private Pool No
Building
Lot Description Back Yard, Front Yard, Landscaped, Paved, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories One
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 2240016022
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with David Fults • Voit Real Estate Services