6319 Cedros Avenue

Van Nuys, CA 91411

$999,000
Price
6
Beds
4
Baths
2,760 Sq. Ft.
$362 / Sq. Ft.
2,760
Sq. Ft.
$362
per Sq. Ft.

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!
  1. Listed by Dana Brody • DRE #01429001 • Brokerage DRE #01429001 • Dana Brody

Property Details for 6319 Cedros Avenue

Water Front
None
Zoning
LAR3
Parcel Number
2241007001
Total Units
2.0
Living Area
2760
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
4800

Location

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001
Add your commute
LISTING UPDATED: 05/21/2024 12:01 AM

Property Details for 6319 Cedros Avenue

StatusActive
MLS #24-390557
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1945
Lot Size0.14 AC / 6,251 SF
CountyLos Angeles County

Location

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001
Add your commute

Building Information for 6319 Cedros Avenue

Stories1Residences-Year Built1945Building Size-Lot Size0.14 AC / 6,251 SF

Payment Calculator

$5,741 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,452

Property Taxes

$289

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6319 Cedros Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartment
  • Security Features: Gated
  • Direction Faces: South
  • Property Condition: Repair Cosmetic
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $96,000
  • Net Operating Income: $62,400.00
  • Gross Income: $96,000
  • Cap Rate: 6.24%
  • Gross Rent Multiplier: $10.40
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Gardener
  • Total Annual Expense: 28800
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1435
  • Lot Size Square Feet: 6251
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 4
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Garbage Disposal, Gas Dryer Hookup, Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
  • Listing Terms: Cash, Cash To New Loan
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $8,000.00
  • Unit Projected Rent: $8,000.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $154,152.00
  • Assessed Improvement Percent: 61.08
  • Assessed Land Value: $98,241.00
  • Assessed Land Percent: 38.92
  • Assessed Total Value: $252,393.00

Property History for 6319 Cedros Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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6319 Cedros Avenue is a multi-family home for sale in Van Nuys, CA 91411. This property was listed for sale on May 13, 2024 by Dana Brody, it's currently listed at $999,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Sylvan Park Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 6319 Cedros Avenue is a 6-bed, 4-bath, 2,760 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dana Brody, Dana Brody, DRE #01429001

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.