14201 Friar Street

Van Nuys, CA 91401

$1,291,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $614 / sqft

1940

calendar_month Built

Property Description

Introducing an unparalleled investment opportunity: a strategically positioned triplex in a high-demand area, zoned LARD 1.5, ripe for immediate income and extensive future development. This property represents a rare find for investors looking to capitalize on both current rental income and expansive growth potential.Property Features:Diverse Unit Composition: The heart of this investment is the middle unit, a beautifully remodeled one-bedroom, one-bathroom sanctuary, complete with an in-unit washer and dryer for utmost convenience. This unit's modern finishes and thoughtful upgrades set the standard for comfort and style within the property.Ample Parking: A standout feature is the extensive parking availability, a coveted amenity in urban living, ensuring ease and accessibility for tenants and visitors alike.Expansion Potential: With LARD 1.5 zoning, this property doesn't just offer a solid income stream; it presents vast opportunities for development. The unique potential to expand up to 8 units, especially by adding a second story to the existing two-bedroom unit, catapults this investment into a realm of significant growth prospects.Situated in a neighborhood renowned for its strong rental market, this triplex not only generates stable income but also stands as a beacon for development possibilities. The existing structure serves as a foundation for a visionary investor to reshape, expand, and maximize the site's full potential, aligning with the area's growing demand for residential units.Whether you're drawn to the immediate income possibilities or the enticing prospect of developing additional units, this triplex offers a compelling blend of profitability and potential. It's an investment poised for growth, ready to meet the needs of the market today and tomorrow.Don't miss this rare opportunity to own a piece of strategic real estate with both current appeal and future promise. Schedule a showing to explore the possibilities firsthand and envision the future you can build with this exceptional investment property. Seller is motivated so bring your best offer before its too late.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 14201 Friar Street
City Van Nuys
State CA
Zip 91401
County Los Angeles
Listing Agent Mihal Schapiro DRE#01933587
Co-Listing Agent Nicole Singer DRE#01804289
Courtesy Of Coldwell Banker Realty
MLS 24378377
List Price $1,291,000
Status Active Under Contract
Type Residential Income
Structure Size N/A
Lot Size 7,502
Year Built 1940
DOM 14

Exterior Information

Maps

Listing information courtesy of: Mihal Schapiro, Nicole Singer, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 23rd, 2024 at 9:04 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.