6319 Cedros Avenue
6319 Cedros Avenue
$999,000
6
4
2,760
2,760
$362
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...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!
- Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01429001 • Dana Brody
Property Details for 6319 Cedros Avenue
Water Front
None
ZoningLAR3
Parcel Number2241007001
Total Units2.0
Living Area2760
Source Living AreaVendor Enhanced
AreaEast Van Nuys
Vacancy Rate4800
Location
LISTING UPDATED: 05/21/2024 12:01 AM
Property Details for 6319 Cedros Avenue
Status | Active |
---|---|
MLS # | 24-390557 |
Days on Market | 29 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1945 |
Lot Size | 0.14 AC / 6,251 SF |
County | Los Angeles County |
Location
Building Information for 6319 Cedros Avenue
Stories1Residences-Year Built1945Building Size-Lot Size0.14 AC / 6,251 SF
Payment Calculator
$5,741 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6319 Cedros Avenue
Property History for 6319 Cedros Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6319 Cedros Avenue
Taxable ValueLand$98,241Additions$154,152Total$252,393
Tax Record2023$3,465 ($289 / month)
Home Facts
Total Finished SqFt2,760 SqFtAbove Grade Finished SqFt2,760 SqFtLot Size6,249 SqFtStyleDuplexYear Built1945ZoningLAR3CountyLOS ANGELESAPN2241-007-001
Schools near 6319 Cedros Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Sylvan Park Elementary School PublicK to 5 | ||
Van Nuys Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
Will Rogers Continuation School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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