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+16615447793
Ilma's Inc.
14153 Sylvan, Van Nuys, CA 91401
- $1,175,000
- Sold Price
- $1,175,000
- List Price
- $1,299,000
- Closing Date
- Jul 10, 2026
- Status
- CLOSED
- MLS#
- SB26013940
- Year Built
- 1948
- Lot Size
- 8,501
- Acres
- 0.20
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 19
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Exceptional value-add and redevelopment opportunity at 14153 Sylvan St in Van Nuys. This 6-unit income-producing property is currently operating at approximately a 5% cap rate based on current financials. Preliminary analysis indicates potential to add up to 7 additional units or redevelop the site to approximately 25 units (buyer to verify zoning, density, and development potential with the City of Los Angeles). Pro forma projections suggest cap rate could potentially increase to 6% + with expansion; all projections and assumptions to be independently verified by buyer. Property will be delivered with tenants in place, providing immediate income. Tenancy reflects stable occupancy (buyer to verify all leases and terms). Strategically located near the Van Nuys Civic Center, including police station, courthouse, fire department, and convenient access to the 101 Freeway. Attractive $1.299M entry price with strong long-term upside.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $97,766
- Operating Expense
- 33760
Listing courtesy of Listing Agent: Michelle Pentreath (Michelleclairerealestate@gmail.com) from Listing Office: Keller Williams Palos Verdes.
Listing sold by Sahmon Zoughi from Compass
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.