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7225 Bakman Ave

Sun Valley, CA 91352
  • $1,375,000
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • MLS #: 21-112895
Under Contract
UPDATED: 76 min ago
$1,375,000
  • 14
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,349
    SQFT
  • $217
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Ratings & Info

Description

A 6,349 square foot six-unit apartment building located at 7225 Bakman Ave Sun Valley, CA 91352 with a solid cash flow in-place and a CAP rate of 4.39% on current income This is an ideal value add investment opportunity with current rents below market and current loss-to-lease of 32% and a Pro Forma CAP rate of 7.39%; at the asking price, the property is being offered at a low $217 PSF Three of the six units will be delivered vacant allowing the new ownership to immediately capture market rents The building sits on a fully gated 6,398 sf lot that features 10 covered parking spaces (5 in the front and 5 in the rear) The subject property has a desirable unit mix made up of four 3-bedrooms, one 1-bedroom, and one 2-bedroom. Thoughtful unit layouts maximize natural light and above average living square footage throughout. The building is separately metered for gas and electricity allowing an investor easy management of the property All units come with air conditioning Located in the Sun Valley neighborhood of the San Fernando Valley, between the 5 FWY, 170 FWY and 134 FWY with many nearby parks Located one block from Sun Valley Magnet School and only a short walking distance to Costco, Homedepot, and Fedex.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T19:42:58.58. 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.
www.jelmbergteam.com/homes/124194293
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7225 Bakman Ave Sun Valley, CA 91352

  • Price: $1,375,000
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 76 min ago
  • MLS #: 21-112895
14
Beds
0
Baths
0
½ Baths
0.15
Acres
6,349
SQFT
$217
$/SQFT
1962
Built
Neighborhood:
Sun Valley
County:
Los Angeles
Area:
Sun Valley
Property Description
A 6,349 square foot six-unit apartment building located at 7225 Bakman Ave Sun Valley, CA 91352 with a solid cash flow in-place and a CAP rate of 4.39% on current income This is an ideal value add investment opportunity with current rents below market and current loss-to-lease of 32% and a Pro Forma CAP rate of 7.39%; at the asking price, the property is being offered at a low $217 PSF Three of the six units will be delivered vacant allowing the new ownership to immediately capture market rents The building sits on a fully gated 6,398 sf lot that features 10 covered parking spaces (5 in the front and 5 in the rear) The subject property has a desirable unit mix made up of four 3-bedrooms, one 1-bedroom, and one 2-bedroom. Thoughtful unit layouts maximize natural light and above average living square footage throughout. The building is separately metered for gas and electricity allowing an investor easy management of the property All units come with air conditioning Located in the Sun Valley neighborhood of the San Fernando Valley, between the 5 FWY, 170 FWY and 134 FWY with many nearby parks Located one block from Sun Valley Magnet School and only a short walking distance to Costco, Homedepot, and Fedex.
Exterior Features

Lot Size Area 6399 Other Structures None Parking Garage Carport Attached Total Parking 0

Interior Features

Baths Total 11.00 Cooling Window Unit(S) Equipment Range/Oven Heating Other

Property Features

Assessed Total Value 159858 Gross Income 102600 Gross Operating Income 97470 Like Units1 1 Like Units2 1 Like Units3 4 Net Operating Income 57754.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 39716 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T19:42:58.58. 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.
 
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