16057 Hartland St, Van Nuys, CA 91406
16057 Hartland St, Van Nuys, CA 91406
16057 Hartland St, Van Nuys, CA 91406
16057 Hartland St, Van Nuys, CA 91406
16057 Hartland St, Van Nuys, CA 91406
16057 Hartland St, Van Nuys, CA 91406
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$ 1,300,000
Est. payment | /mo

9 Beds

7 Baths

4,210 SqFt


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$ 1,300,000
Est. payment | /mo
Save

9 Beds

7 Baths

4,210 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,210 sqft

Price per Sqft $308

MLS Listing ID 26992647

Bedrooms 9

Year Built 1946

Lot Size 8,909 Sqft

Acres 0.2045

Property Sub-Type Multi-Family

Property Description

16057 Hartland Street presents a compelling opportunity to acquire a five-unit multifamily investment in a solid Van Nuys location, offering investors an attractive combination of current income and long-term rental growth. The property features a desirable unit mix of three one-bedroom/one-bathroom units and two three-bedroom/two-bathroom units.The two three-bedroom units were constructed in 2009 and are not subject to the Los Angeles City Rent Stabilization Ordinance (RSO),but are subject to CA State rent control, AB 1482. This allows an investor greater flexibility to capture future rental growth on the property's largest units without the LA City RSO restrictions. Residents enjoy proximity to Lake Balboa, the Sepulveda Basin Recreation Area, major shopping and dining corridors, and some of the San Fernando Valley's most established employment centers.Convenient access to the 405 and 101 Freeways provides connectivity throughout the Valley, Westside and greater Los Angeles. 16057 Hartland Street represents an opportunity to acquire a desirable multifamily asset with combination of two RSO-exempt three-bedroom units, a diversified unit mix, substantial parking and a strong Van Nuys location.

Location

State CA

County Los Angeles

Area Lake Balboa

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Wall/Window, Central

Equipment Range/Oven, Refrigerator, Microwave

Exterior

Parking Features Covered Parking, Uncovered

Garage Spaces 7.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Marcus & Millichap

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16057 Hartland St