8030 Langdon Ave
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8030 Langdon Ave
33 Unit Apartment Building $5,150,000 ($156,061/Unit) 4.64% Cap Rate Van Nuys, CA 91406
Investment Highlights
- Value add property, 33 units, upside in rents.
- seismic reinforcenment work done.
- Well maintained. Good roof, copper plumbing, parking area new paving.
Executive Summary
33 one-bedrooms, unit SF 606, upside in rents. value add, most units upgraded. Well maintained property. Cash flow, the building runs full most of the time. Seismic work done. Good roof, copper plumbing, new paving in driveway and parking.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$508,570
|
$25.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$15,260
|
$0.76
|
| Effective Gross Income |
$493,310
|
$24.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$254,395
|
$12.72
|
| Net Operating Income |
$238,915
|
$11.95
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $508,570 |
| Annual Per SF | $25.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $15,260 |
| Annual Per SF | $0.76 |
| Effective Gross Income | |
|---|---|
| Annual | $493,310 |
| Annual Per SF | $24.67 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $254,395 |
| Annual Per SF | $12.72 |
| Net Operating Income | |
|---|---|
| Annual | $238,915 |
| Annual Per SF | $11.95 |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Yard
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Pool
- Gated
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | $1,395 | 606 |
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PROPERTY TAXES
| Parcel Number | 2654-037-015 | Improvements Assessment | $1,730,625 (2024) |
| Land Assessment | $2,595,941 (2024) | Total Assessment | $4,326,566 (2024) |
PROPERTY TAXES
Parcel Number
2654-037-015
Land Assessment
$2,595,941 (2024)
Improvements Assessment
$1,730,625 (2024)
Total Assessment
$4,326,566 (2024)
zoning
| Zoning Code | LAR3 (R3) |
| LAR3 (R3) |
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8030 Langdon Ave
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