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    18655 Clark Street

    Tarzana, CA 91356
    • $4,100,000
    • STATUS: Active
    • ON SITE: 6 Days
    • ID#: SR21224293
    New On Site 6 Days Ago
    UPDATED: 53 min ago
    $4,100,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    We are pleased to exclusively offer for sale for the first time in 57 years. This gated 22 Units property totals 15,590square feet on a 17,340 square foot street to street rectangular R3 zoned lot. Great Investors choice to add a 22units apartment building in an excellent location to their portfolio. The subject property is located one block fromVentura Blvd, surrounded by the Whole Foods market as well as many other supermarkets. Attractive Unit-Mixwith Eight Single unit, Eight 1+1, Four 2+1 and Two 2+2. The subject property has some deferred maintenanceand the Soft Story needs to be retrofitted. The property was built in 1964 with on-site laundry. Street to street,Clark St and Burbank Blvd. One unit will be delivered vacant. You may download the detailed income, expense andrent roll from the MLS Supplements. Offer deadline is Tuesday October 12th.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/122242723
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    18655 Clark Street Tarzana, CA 91356

    • Price: $4,100,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: SR21224293
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    1964
    Built
    Neighborhood:
    TAR - Tarzana
    County:
    Los Angeles
    Area:
    TAR - Tarzana
    Property Description
    We are pleased to exclusively offer for sale for the first time in 57 years. This gated 22 Units property totals 15,590square feet on a 17,340 square foot street to street rectangular R3 zoned lot. Great Investors choice to add a 22units apartment building in an excellent location to their portfolio. The subject property is located one block fromVentura Blvd, surrounded by the Whole Foods market as well as many other supermarkets. Attractive Unit-Mixwith Eight Single unit, Eight 1+1, Four 2+1 and Two 2+2. The subject property has some deferred maintenanceand the Soft Story needs to be retrofitted. The property was built in 1964 with on-site laundry. Street to street,Clark St and Burbank Blvd. One unit will be delivered vacant. You may download the detailed income, expense andrent roll from the MLS Supplements. Offer deadline is Tuesday October 12th.
    Exterior Features

    Carport Spaces 25 Carport YN Yes Lot Features Front YardGardenWalkstreetYard Number Of Separate Electric Meters 22 Open Parking Spaces 5 Parking Features Assigned Parking Total 30 Pool Features None Pool Private YN No Property Attached YN Yes View None View YN No

    Interior Features

    Accessibility Features See Remarks Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Carpet

    Property Features

    Additional Parcels YN No Cap Rate 4.28 Common Interest None Community Features Valley Contingency None Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 280170 Gross Scheduled Income 285276 Insurance Expense 2297 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 175457 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 21 Operating Expense 104714 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Trash Expense 0 Utilities Cable AvailableElectricity AvailablePhone AvailableSewer ConnectedWater Connected Vacancy Allowance 5705 Vacancy Allowance Rate 2 Water Sewer Expense 11340 Water Source Private Zoning Lar3

    Listing provided courtesy of Nader Naderi of Berkshire Hathaway Homeservices California Properties and Dean Abston of Berkshire Hathaway Homeservices California Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-16T23:26:27.217. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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