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    14435 Hamlin Street

    Van Nuys, CA 91401
    • $4,096,427
    • STATUS: Active
    • ON SITE: 222 days
    • ID#: SR20209426
    UPDATED: 2 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. HIGHLIGHTS Low Rents Long Term Tenants Well maintained building Great 1031 exchange property Close to Van Nuys Civic Center Potential 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 2021-05-16T19:32:11.103. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
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    14435 Hamlin Street Van Nuys, CA 91401

    • Price: $4,096,427
    • Status: Active
    • Updated: 2 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. HIGHLIGHTS Low Rents Long Term Tenants Well maintained building Great 1031 exchange property Close to Van Nuys Civic Center Potential owner user building or great with leaving tenants in place
    Exterior Features

    Lot Features 16-20 Units/Acre Open Parking Spaces 26 Parking Total 26 Roof Flat

    Interior Features

    Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Cap Rate 6.2 Common Interest None Current Financing Conventional Electric Expense 34602 Gross Scheduled Income 414672 Insurance Expense 7328 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 110996 Number Of Units Leased 17 Operating Expense 142690 Property Sub Type Office Special Listing Conditions Standard Tax Annual Amount 45060 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 19258 Vacancy Allowance Rate 5 Water Source Public Zoning C-2

    Listing provided courtesy of Brian Hatkoff of Hatkoff Investments and Steven De Vore of Sterling Realty Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-16T19:32:11.103. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
     
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    Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
    1063 W Sixth Street
    Ontario CA, 91762