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15405 Covello Street 15405 Covello St

2 Unit Mobile Home Park $975,000 ($487,500/Unit) Van Nuys, CA 91406

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Investment Highlights

Great Rental Property
All recently renovated

Great rents

Executive Summary

Located in a great Van Nuys neighborhood on a quiet cul-de-sac street is a beautiful home that has been extensively renovated and remodeled. Offering an open floor plan, the home is approximately 1,600 square feet with 3 bedroom, 3 baths + an ADU with an additional 1+1. A brand new kitchen with spacious cabinets, quartz counters and a large center island that is great for entertaining. The sun filled living room is perfectly positioned and opens up to the backyard. All the bathrooms have been updated with beautiful tile-work, vanities and hardware. Some other features include a very spacious laundry room, fresh paint, new LED lights and water resistant laminate flooring throughout. A great rear yard with a sparkling in-ground pool & Spa. The attached ADU is a one bedroom, one bath plus living room and a kitchen and can be great as a rental or serve as additional space. Nice wide driveway and situated within easy access to freeways. 50% leased.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$61,800	$38.63
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$61,800	$38.63
Net Operating Income	-	-

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$61,800
Annual Per SF	$38.63

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$61,800
Annual Per SF	$38.63

Net Operating Income
Annual	-
Annual Per SF	-

Property Facts

Price	$975,000	Apartment Style	Single Family Home
Price Per Unit	$487,500	Building Class	C
Sale Type	Investment	Lot Size	0.12 AC
Gross Rent Multiplier	15	Building Size	1,600 SF
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1957/2022
Property Subtype	Manufactured Housing/Mobile Home	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$975,000
Price Per Unit	$487,500
Sale Type	Investment
Gross Rent Multiplier	15
No. Units	2
Property Type	Multifamily
Property Subtype	Manufactured Housing/Mobile Home
Apartment Style	Single Family Home
Building Class	C
Lot Size	0.12 AC
Building Size	1,600 SF
No. Stories	1
Year Built/Renovated	1957/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.