Looking for the perfect investment or a sweet spot to call home? This prime 2-bed, 1-bath condo in the heart of the San Fernando Valley is just what you need! Whether you're an end-user or an investor looking to beef up your portfolio, this gem delivers with a solid 5.12% CAP rate. The first-floor unit features updated flooring, newer appliances, and unbeatable access to the 5 freeway, putting entertainment, dining, and shopping at your fingertips. It's part of a co-op, so be sure to ask about financing options. The current tenant, paying $2, 150/month ($25, 800 annually), is happy to stay but open to moving with proper notice. Don't miss out on this income-generating opportunity! This property is part of a 6-Property Investment Portfolio, they can be purchased individually or combined with the other units and generate a combined 5.74% CAP. To purchase all the properties in the portfolio please reach out for the list of homes and pricing.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
- Microwave
- Oven-Electric
- Free Standing Electric
- Laundry Facilities: Community, Laundry Area
- Laundry Features: Community, Laundry Area
Other Rooms
- Family Room
- Family Room Description: 1
Heating and Cooling
- Cooling Features: Wall Unit(s)
- Heating Features: Wall
Interior Features
- Furnished Description: Unfurnished
- Flooring: Laminate
Land Info
- Lot Size Acres: 0.5686639
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 24771
Garage and Parking
- Garage Description: Assigned
Amenities and Community Features
Homeowners Association
- Association: Yes
- Association Fee: 308
- Association Fee Frequency: Monthly
- Association Fee Includes: Trash, Water and Sewer, Water, Sewer
- Calculated Total Monthly Association Fees: 308
- Association Phone: 2138044431
Multi-Unit Info
Condo Info
- Unit Floor In Building: 1
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Directions: Corner of Sunland Blvd & Olinda Street
- Source Property Type: Residential
- Area: Sun Valley
- Property Subtype: condo
- Source Neighborhood: Sun Valley
- Parcel Number: 2408-012-033
- Postal Code Plus 4: 3450
- Zoning: LAR3
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 897
- Year Built: 1963
- Building Name: Sun Valley Partnership Manager
- Common Walls: Attached
- Levels: One Level
- Living Area Source: Vendor Enhanced
- Property Age: 61
- Property Condition: Fixer
- Structure Type: Co-op, Attached
- House Style: Traditional
- Year Built Source: Vendor Enhanced
Home Features
- Other Equipment: Microwave, Range/Oven, Refrigerator
- Security Features: Card/Code Access, Gated, Smoke Detector