14201 Friar Street
14201 Friar Street
$1,291,000
5
3
2,101
2,101
$614
Active Under Contract
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.
- Listed by Mihal Schapiro • DRE #01933587 • Brokerage DRE #01464847 • Coldwell Banker Realty
- Listed by Nicole Singer • DRE #01804289 • Brokerage DRE #01464847 • Coldwell Banker Realty
Property Details for 14201 Friar Street
Water Front
None
ZoningLARD1.5
StyleTraditional
Parcel Number2240013012
Total Units3.0
Living Area2101
Source Living AreaVendor Enhanced
AreaEast Van Nuys
Location
LISTING UPDATED: 04/23/2024 08:50 AM
Property Details for 14201 Friar Street
Status | Active Under Contract |
---|---|
MLS # | 24-378377 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1940 |
Lot Size | 0.17 AC / 7,502 SF |
County | Los Angeles County |
Location
Building Information for 14201 Friar Street
Stories-Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,502 SF
Payment Calculator
$8,057 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 14201 Friar Street
Property History for 14201 Friar Street
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 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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