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Multifamily

14643 Friar St

14643 Friar St, Los Angeles, CA 91411

Listing Price: $1,375,000

Cap Rate
3.89%
Number of Units
6
GRM
13.38
Price/Unit
$229,167
Price/Gross SF
$279.93
Gross SF
4,912

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 14643 Friar St, a Six-unit investment opportunity located in Van Nuys, CA 91411.

Investment Highlights

  • Laundry equipment is owned by Seller
  • Total of five (5) detached storage units in rear of property allowing additional income.
  • Great Access to the Sepulveda Basin Wildlife Reserve & Recreation Area!
  • Recently completed a successful Balcony/Patio upgrade in compliance with LADBS ordinance.
  • Proximity to major employment centers, retail amenities, and freeway access
  • Well-positioned asset in an infill submarket with limited new multifamily supply
  • Electrical improvements completed in May 2024 to meet current insurance requirements, reducing risk and supporting smoother policy renewals.
  • All panels and breakers have been fully upgraded, ensuring modernized infrastructure and improved system reliability.

Exclusively Listed By

Multifamily

14643 Friar St

Listing Price: $1,375,000

Cap Rate
3.89%
Number of Units
6
GRM
13.38
Price/Unit
$229,167
Price/Gross SF
$279.93
Gross SF
4,912

Investment Highlights

  • Laundry equipment is owned by Seller
  • Total of five (5) detached storage units in rear of property allowing additional income.
  • Great Access to the Sepulveda Basin Wildlife Reserve & Recreation Area!
  • Recently completed a successful Balcony/Patio upgrade in compliance with LADBS ordinance.
  • Proximity to major employment centers, retail amenities, and freeway access
  • Well-positioned asset in an infill submarket with limited new multifamily supply
  • Electrical improvements completed in May 2024 to meet current insurance requirements, reducing risk and supporting smoother policy renewals.
  • All panels and breakers have been fully upgraded, ensuring modernized infrastructure and improved system reliability.

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire 14643 Friar St, a Six-unit investment opportunity located in Van Nuys, CA 91411.

Exclusively Listed By

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