Price Reduced Open House

8819 Lankershim Blvd
Sun Valley, CA 91352

Bd   — Ba   8,112 Sqft
**EXEMPT**SOFT STORY RETROFIT. ***INCOME PROPERTY*** 12 Apartment Units * A GREAT INVESTMENT OPPORTUNITY *EXCELLENT MIX* Four units are 2 Bedroom + 1 Bath, and 8 units are 1 Bedroom + 1 Bath. TWO SEPARATE 6 UNIT BUILDING W/ GATED DOUBLE LOTS of 12,494 sq ft. & 8112 Construction.. 4 of the units (2bed+1bath) were build in 1997 and may not need retrofitting (Buyer to investigate). ALL SEPARATE GAS & ELECTRIC METERS...... 26 PARKING SPACES.. Laundry hook up 3 washers & dryers (no outside contract) SITUATED IN A GROWING AREA, GOING RENTAL PRICES ARE VERY HIGH... MINUTES AWAY FROM BURBANK CITY & CITY OF LOS ANGELES..100% occupied with 20%+ upside..GROSS ACTUAL $157,000+ , OPERATING EXPENSES $21,000... PROJECTED GROSS INCOME $200,000.+ ....$<PRICED LOW FOR FASTER SELL .. Property will be sold As Is.. DO NOT DISTURB TENANTS - **DRIVE BY ONLY** They are not aware of the sale... ..Owner has done many upgrades which include, all new exterior stucco paint, many new replacement A/C units and boilers, Front stairs just redone..Each unit has an individual water heater..* Great potential to a new investor**EXTRA INCOME .. Parking, Storage, Billboard sign, etc....***SCEP final Inspection done and passed 9/27/16.**Request a video by text or email. Will be forward to you immediately*
  • Neighborhood: Sun Valley
  • Days on Movoto: 199
  • Year Built: 1956
  • HOA:
  • $/Sqft: $250
  • Lot: 12,494 Sqft
  • Property Type: Multi Family
  • MLS#: SR16179085
  • MLS:
  • Listing Office: Intero Real Estate Services
  • Listed By: Irma Vergaray
  • Movoto last checked CRMLS for new data 10 hours ago
  • CRMLS last updated this listing 3 days ago

Home Features for 8819 Lankershim Blvd , Sun Valley

Overview
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Property History for 8819 Lankershim Blvd, Sun Valley

Status
Date
Price
Price Change
Feb 23, 2017
$2,027,000
Price Change
Feb 3, 2017
$2,039,000
Price Change
Feb 3, 2017
$2,037,000
Listed
Dec 20, 2016
$2,077,000
Active Under Contract
Nov 14, 2016
Listed
Oct 4, 2016
Pending
Sep 28, 2016
Listed
Aug 12, 2016
$1,997,000
#SR16179085
8819 Lankershim Blvd in ZIP code 91352 is a multi family home currently listed for $2,027,000. This is 286% above the median of $525,000 for 91352 and 286% above the median price of $525,000 for the city of Sun Valley, CA. As of today, , there are 23 properties listed for sale in the 91352 area and 23 properties listed for sale in Sun Valley. Of those 23 properties for sale, 16 are single family homes and 7 are condos. 8819 Lankershim Blvd is approximately 8,112 square feet, 425% above the Sun Valley median of 1,544 and 425% above the 91352 ZIP code median of 1,544. The price per square foot is $250, which is 24% below the median price in 91352 of $330 and 24% below the Sun Valley median of $330 per square foot.
Built in 1956, this multi family house at 8819 Lankershim Blvd is approximately 8,112 square feet and comes with 26 parking spots. It is listed on 08/12/2016 for $2,027,000 with a cost per Sqft of $250. 8819 Lankershim Blvd is located in the Sun Valley neighborhood in the Los Angeles Unified School District. The closest school is Fernangeles Elementary School.

8819 Lankershim Blvd has been on the market for 199 days. The median days on the market for properties in this area is 44 with a median list price of $525,000 and median cost per square foot of $330. It's currently listed as active under the MLS #SR16179085.

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