15534 Chase Street

    North Hills, CA 91343
    • $4,600,000
    • STATUS: Active Under Contract
    • ON SITE: 80 days
    • ID#: 18390002
    Under Contract
    UPDATED: 10 min ago
    $4,600,000
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,535
      SQFT
    • $173
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    We are pleased to present a twenty five (25) unit property located at 15534 Chase Street, in North Hills, California. This property is situated just north of Roscoe Boulevard and west of Sepulveda Boulevard.The property features an excellent unit mix of five (5) one bedroom/one bathroom apartments, two (2) two bedroom/one bathroom units, seventeen (17) two bedroom/two bathroom units, and finally one (1) three bedroom/two bathroom unit. The building offers ample amenities to the tenants including a beautiful swimming pool, elevator for ease of access, and ample tuck-under parking. With such close proximity to the 405 and 118 Freeways, tenants enjoy a quicker commute and ease of access to each respective on-ramp.This offering presents investors with an excellent opportunity to acquire a mid-sized asset in North Hills, with excellent upside rental potential, that has never hit the market before.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T00:31:07.03. 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. Licensed in the State of California, USA.
    www.teamforss.com/homes/87924552

    15534 Chase Street North Hills, CA 91343

    • Price: $4,600,000
    • Status: Active Under Contract
    • Updated: 10 min ago
    • ID#: 18390002
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    26,535
    SQFT
    $173
    $/SQFT
    1967
    Built
    Neighborhood:
    NOH - North Hills
    County:
    Los Angeles
    Area:
    NOH - North Hills
    Property Description
    We are pleased to present a twenty five (25) unit property located at 15534 Chase Street, in North Hills, California. This property is situated just north of Roscoe Boulevard and west of Sepulveda Boulevard.The property features an excellent unit mix of five (5) one bedroom/one bathroom apartments, two (2) two bedroom/one bathroom units, seventeen (17) two bedroom/two bathroom units, and finally one (1) three bedroom/two bathroom unit. The building offers ample amenities to the tenants including a beautiful swimming pool, elevator for ease of access, and ample tuck-under parking. With such close proximity to the 405 and 118 Freeways, tenants enjoy a quicker commute and ease of access to each respective on-ramp.This offering presents investors with an excellent opportunity to acquire a mid-sized asset in North Hills, with excellent upside rental potential, that has never hit the market before.
    Exterior Features

    Lot Features Sprinklers None Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.92 Gross Multiplier 11.57 Gross Operating Income 397512.00 Improvements Amount 556744 Land Value 73105 Laundry YN Yes Net Operating Income 226449.00 Special Listing Conditions Standard Total Expenses 163837.00 Zoning Lar3

    Listing provided courtesy of Jason Tuvia of Marcus & Millichap and Medik Georgian of Excel Real Estate Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-15T00:31:07.03. 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. Licensed in the State of California, USA.
     
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