16601-16603 Valerio Street

    Lake Balboa, CA 91406
    • $869,990
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: IG18275227
    Under Contract
    UPDATED: 54 min ago
    $869,990
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,468
      SQFT
    • $353
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    Incredible rare investment opportunity in Van Nuys to purchase two beautiful houses on one lot each with their own address and utility meters.16601- Just remodeled-16603 is a 2018 New Build.Rents for both houses will bring in approx. $5700 a month with a 6% cap rate. This is also a great opportunity for that buyer looking for a cash flow property as well as a property to live in.16601- Single story 1270 sq ft w/ 3 bedrooms and full bathroom,remodeled w/new laminate & new carpet throughout,newly remodeled kitchen w/ new white self closing shaker cabinets w/ counter top seating area, new quartz counters, new stainless steel appliances & new fixtures.There is an open dinning/living area for gatherings or step down into the family room where there is a cozy fireplace. Bathroom w/ new dual vanity,new quartz count top, new tiled floor,tiled shower/tub and new fixtures.16603-Brand new construction w/ a 2 story 1198 sq ft w/ 3 bedrooms, 2.5 bathrooms & 2 car attached garage. On the main floor is a family room that opens to the kitchen and dining area.Kitchen has white self closing shaker cabinets,quartz counters w/ white tiled back splash and stainless steel appliances. laminate floors on the first floor and carpet in the bedrooms.Upstairs there is the master bed/bath w/ balcony and walk-in closet and additional bedrooms and bathroom.Both properties have laundry hook ups, central heat/AC.Sizable front and rear yard are a plus!!Close to shopping, restaurants & public transportation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T23:31:36.6. 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/89485216

    16601-16603 Valerio Street Lake Balboa, CA 91406

    • Price: $869,990
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: IG18275227
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,468
    SQFT
    $353
    $/SQFT
    1951
    Built
    Neighborhood:
    LKBL - Lake Balboa
    County:
    Los Angeles
    Area:
    LKBL - Lake Balboa
    Property Description
    Incredible rare investment opportunity in Van Nuys to purchase two beautiful houses on one lot each with their own address and utility meters.16601- Just remodeled-16603 is a 2018 New Build.Rents for both houses will bring in approx. $5700 a month with a 6% cap rate. This is also a great opportunity for that buyer looking for a cash flow property as well as a property to live in.16601- Single story 1270 sq ft w/ 3 bedrooms and full bathroom,remodeled w/new laminate & new carpet throughout,newly remodeled kitchen w/ new white self closing shaker cabinets w/ counter top seating area, new quartz counters, new stainless steel appliances & new fixtures.There is an open dinning/living area for gatherings or step down into the family room where there is a cozy fireplace. Bathroom w/ new dual vanity,new quartz count top, new tiled floor,tiled shower/tub and new fixtures.16603-Brand new construction w/ a 2 story 1198 sq ft w/ 3 bedrooms, 2.5 bathrooms & 2 car attached garage. On the main floor is a family room that opens to the kitchen and dining area.Kitchen has white self closing shaker cabinets,quartz counters w/ white tiled back splash and stainless steel appliances. laminate floors on the first floor and carpet in the bedrooms.Upstairs there is the master bed/bath w/ balcony and walk-in closet and additional bedrooms and bathroom.Both properties have laundry hook ups, central heat/AC.Sizable front and rear yard are a plus!!Close to shopping, restaurants & public transportation.
    Exterior Features

    Garage Spaces 2.00 Lot Features Corner LotLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances DishwasherGarbage DisposalGas Oven Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling CentralSee Remarks Cooling YN Yes Fireplace Features Family Room Fireplace YN Yes Flooring CarpetLaminateTile Heating Central Furnace Heating YN Yes Laundry Features Area Levels Two Room Type Family RoomKitchenLaundry

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Elevation Units Feet Gross Income 68400.00 Gross Scheduled Income 68400.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 57200.00 New Construction YN No New Taxes Expense 9500.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Operating Expense 11200.00 Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 0.00 Total Expenses 11200.00 Trash Expense 500.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Alaura Clennon of Griffin Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T23:31:36.6. 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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