14201 Friar Street

Van Nuys, CA 91401

$1,291,000
Price
5
Beds
3
Baths
2,101 Sq. Ft.
$614 / Sq. Ft.
2,101
Sq. Ft.
$614
per Sq. Ft.

Description

Introducing an unparalleled investment opportunity: a strategically positioned triplex in a high-demand area, zoned LARD 1.5, ripe for immediate income and extensive future development. This property represents a rare find for investors looking to capitalize on both current rental income and expansive growth potential. Property Features:Diverse Unit Composition: The heart of this investment is the middle unit, a beautifully remodeled one-bedroom, one-bathroom sanctuary, complete with an in-unit washer...Introducing an unparalleled investment opportunity: a strategically positioned triplex in a high-demand area, zoned LARD 1.5, ripe for immediate income and extensive future development. This property represents a rare find for investors looking to capitalize on both current rental income and expansive growth potential. Property Features:Diverse Unit Composition: The heart of this investment is the middle unit, a beautifully remodeled one-bedroom, one-bathroom sanctuary, complete with an in-unit washer and dryer for utmost convenience. This unit's modern finishes and thoughtful upgrades set the standard for comfort and style within the property. Ample Parking: A standout feature is the extensive parking availability, a coveted amenity in urban living, ensuring ease and accessibility for tenants and visitors alike. Expansion Potential: With LARD 1.5 zoning, this property doesn't just offer a solid income stream; it presents vast opportunities for development. The unique potential to expand up to 8 units, especially by adding a second story to the existing two-bedroom unit, catapults this investment into a realm of significant growth prospects. Situated in a neighborhood renowned for its strong rental market, this triplex not only generates stable income but also stands as a beacon for development possibilities. The existing structure serves as a foundation for a visionary investor to reshape, expand, and maximize the site's full potential, aligning with the area's growing demand for residential units. Whether you're drawn to the immediate income possibilities or the enticing prospect of developing additional units, this triplex offers a compelling blend of profitability and potential. It's an investment poised for growth, ready to meet the needs of the market today and tomorrow. Don't miss this rare opportunity to own a piece of strategic real estate with both current appeal and future promise. Schedule a showing to explore the possibilities firsthand and envision the future you can build with this exceptional investment property. Seller is motivated so bring your best offer before its too late.
  1. Listed by Mihal Schapiro • DRE #01933587 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Nicole Singer • DRE #01804289 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 14201 Friar Street

Water Front
None
Zoning
LARD1.5
Style
Traditional
Parcel Number
2240013012
Total Units
3.0
Living Area
2101
Source Living Area
Vendor Enhanced
Area
East Van Nuys

Location

Listing Courtesy of Coldwell Banker Realty, Mihal Schapiro, DRE #01933587; Coldwell Banker Realty, Nicole Singer, DRE #01804289
Add your commute
LISTING UPDATED: 04/23/2024 08:50 AM

Property Details for 14201 Friar Street

StatusActive Under Contract
MLS #24-378377
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Mihal Schapiro, DRE #01933587; Coldwell Banker Realty, Nicole Singer, DRE #01804289
Add your commute

Building Information for 14201 Friar Street

Stories-Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$8,057 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,046

Property Taxes

$1,011

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14201 Friar Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: Triplex
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $51,803
  • Net Operating Income: $11,224.26
  • Gross Income: $51,803
  • Gross Rent Multiplier: $13.00
  • Actual Annual Gross Rent: $51,803.00
  • Total Annual Expense: 40578.74
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Detached
  • Total Parking: 2
  • Covered Parking: 1
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 1
  • Parking Features: Driveway
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Refrigerator, Range/Oven, Dryer, Washer
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Oven, Cooktop - Gas
  • Laundry: Outside, In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Leased: 2
  • Number Refrigerator: 3
  • Number Rented Garages: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $391,680.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $587,520.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $979,200.00

Property History for 14201 Friar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14201 Friar Street

Taxable ValueLand$587,520Additions$391,680Total$979,200
Tax Record2023$12,133 ($1,011 / month)
Home Facts
Total Finished SqFt2,101 SqFtAbove Grade Finished SqFt2,101 SqFtLot Size7,500 SqFtStyleTriplexYear Built1940ZoningLARD1.5CountyLOS ANGELESAPN2240-013-012

Schools near 14201 Friar Street

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
Charter - K to 5
Rating
School
Distance
Van Nuys Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

Ararat Charter School
CharterK to 5

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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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 Coldwell Banker Realty, Mihal Schapiro, DRE #01933587; Coldwell Banker Realty, Nicole Singer, DRE #01804289

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.