The Mammoth Court Apartments | 6444 Mammoth Ave
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The Mammoth Court Apartments 6444 Mammoth Ave
6 Unit Apartment Building $1,375,000 ($229,167/Unit) 5.14% Cap Rate Van Nuys, CA 91401
Investment Highlights
- Plenty of Onsite Parking
- Assumable Financing at 4.41%.
- Opportunity to Add Multiple ADUs per Parcel.
- Situated in Valley Glen
- Minutes to Sherman Oaks and North Hollywood Arts District.
Executive Summary
Luis Morales and Enrique Viramontes proudly present The Mammoth Court Apartments located in the
highly sought-after pocket of Valley Glen.
6444 Mammoth Ave offers a unit mix of (4) spacious two-bedroom + one-bath apartments and (2)
one-bedroom + one-bath units for a total of 6 units. The property includes tenant amenities such as
an onsite laundry facility, covered onsite parking, and a tranquil sitting area.
Moreover, the property just adjacent located on 6438 can also be purchased together to own at
total of 16 units side by side with no requirement of an onsite manager. Current loan can be assumed
with an interest rate of 4.41% fully amortized due in 2027 with Chase Commercial loan financing.
Its proximity to supermarkets, fitness centers, public transportation, hospitals, schools, and more,
makes this offering an ideal investment with tons of upside by adding ADUs or enjoying cash flow from
its current state!
highly sought-after pocket of Valley Glen.
6444 Mammoth Ave offers a unit mix of (4) spacious two-bedroom + one-bath apartments and (2)
one-bedroom + one-bath units for a total of 6 units. The property includes tenant amenities such as
an onsite laundry facility, covered onsite parking, and a tranquil sitting area.
Moreover, the property just adjacent located on 6438 can also be purchased together to own at
total of 16 units side by side with no requirement of an onsite manager. Current loan can be assumed
with an interest rate of 4.41% fully amortized due in 2027 with Chase Commercial loan financing.
Its proximity to supermarkets, fitness centers, public transportation, hospitals, schools, and more,
makes this offering an ideal investment with tons of upside by adding ADUs or enjoying cash flow from
its current state!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,950
|
$22.73
|
| Other Income |
$1,800
|
$0.38
|
| Vacancy Loss |
$3,292
|
$0.69
|
| Effective Gross Income |
$106,458
|
$22.41
|
| Taxes |
$17,583
|
$3.70
|
| Operating Expenses |
$18,230
|
$3.84
|
| Total Expenses |
$35,813
|
$7.54
|
| Net Operating Income |
$70,645
|
$14.87
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $107,950 |
| Annual Per SF | $22.73 |
| Other Income | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.38 |
| Vacancy Loss | |
|---|---|
| Annual | $3,292 |
| Annual Per SF | $0.69 |
| Effective Gross Income | |
|---|---|
| Annual | $106,458 |
| Annual Per SF | $22.41 |
| Taxes | |
|---|---|
| Annual | $17,583 |
| Annual Per SF | $3.70 |
| Operating Expenses | |
|---|---|
| Annual | $18,230 |
| Annual Per SF | $3.84 |
| Total Expenses | |
|---|---|
| Annual | $35,813 |
| Annual Per SF | $7.54 |
| Net Operating Income | |
|---|---|
| Annual | $70,645 |
| Annual Per SF | $14.87 |
Property Facts In Escrow
| Price | $1,375,000 | Apartment Style | Low Rise |
| Price Per Unit | $229,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.14% | Building Size | 4,750 SF |
| Gross Rent Multiplier | 12.53 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.26/1,000 SF |
| Price | $1,375,000 |
| Price Per Unit | $229,167 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 12.53 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,750 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.26/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,149 | - |
| 2+1 | 4 | $1,648 | - |
1 of 1
Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 2238-013-036 | Total Assessment | $1,420,663 |
| Land Assessment | $568,264 | Annual Taxes | $17,583 ($3.70/SF) |
| Improvements Assessment | $852,399 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2238-013-036
Land Assessment
$568,264
Improvements Assessment
$852,399
Total Assessment
$1,420,663
Annual Taxes
$17,583 ($3.70/SF)
Tax Year
2024
zoning
| Zoning Code | R3 (Multiple Dwelling) |
| R3 (Multiple Dwelling) |
-
Enrique Viramontes -
Luis Morales -
RE/MAX Commercial & Investment Realty
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The Mammoth Court Apartments | 6444 Mammoth Ave
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