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6319 Cedros Ave, Van Nuys, CA 91411
$999,000
6319 Cedros Ave, Van Nuys, CA 91411View this property at 6319 Cedros Ave, Van Nuys, CA 91411
6319 Cedros AveVan NuysCA91411
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Property Description
We are very pleased to exclusively offer for purchase Friar House, a rare side by side duplex featuring two 3 bedroom, 2 bath units totaling 2,760 square feet, boasting an average of 1,380 square feet per unit that will be delivered 100% vacant. Situated on a 6,249 square foot corner lot zoned R3, the units feature central air and heat, washer/dryer hookups, 3 bedrooms, 2 bathrooms and will be delivered vacant and ready to be rented as is or remodeled to achieve market rents. Built in 1945, the units have a lot of original charm like crown and base moulding but also updates which include new windows, copper plumbing and updated electrical. Market rents for updated and new construction units top well over $3 per foot in the area, which means once remodeled these 3+2 units could easily garner $4,000 per unit. Once remodeled and re-leased at market rents, the property offers a 6.2% cap rate and a 10 GRM. In addition to the remodeling option, there may be re-development potential as the lot is 6,249 square feet zoned R3 which "by right" allows 7 units. Don't miss this amazing remodel opportunity that is 100% vacant and ready to be re-imagined right away by a new owner!
Full Property Details
Full Property Details for 6319 Cedros Ave
General
- Price: $999,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-390557
- Updated: 5/13/2024
- Added to Site: 20 day(s) ago
Interior
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: Uncovered
Location
- Area: East Van Nuys
- County: Los Angeles
- Driving Directions: NW Corner of Friar and Cedros Avenues
- Direction Faces: South
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 1
- Square Feet: 2,760
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1945
- Year Built Source: Vendor Enhanced
- Property Condition: Repair Cosmetic
Unit Information
- Units in Complex: 2
- Unit Type: 2106
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1435
- Lot Size: 6251
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $361.96
- Assessment Year: 1945
- Owner Pays: Gardener
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 2241-007-001
Listed by Dana Brody, Dana Brody
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Schools
Schools serving 6319 Cedros Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
6238 Noble Ave, Van Nuys, CA 91411 | K-5 | 0.5 mi | |
5435 Vesper Ave, Van Nuys, CA 91411 | 6-8 | 1.1 mi | |
6535 Cedros Ave, Van Nuys, CA 91411 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6319 Cedros Ave
Date
Details
Price
Change
Source
5/13/2024
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6319 Cedros Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,465
5%
$252,393
2%
2022
$3,315
2%
$247,445
2%
2021
$3,261
-1%
$242,594
1%
2020
$3,287
—
$240,107
2%
2019
$3,287
7%
$235,400
2%
2018
$3,080
875%
$230,785
1%
2017
$316
15%
$229,261
—
2016
$275
—
$228,826
3%
2015
$275
-5%
$221,495
3%
2014
$291
—
$214,216
—
2013
$291
—
$213,249
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6319 Cedros Ave
6319 Cedros Ave, Van Nuys, CA 91411 (MLS# 24-390557) is a Multi-Family property with units containing 6 bedrooms and 0 full bathrooms. 6319 Cedros Ave is currently listed for $999,000 and was received on May 13, 2024. Want to learn more about 6319 Cedros Ave? Do you have questions about finding other Multi-Family real estate for sale in Van Nuys - East? You can browse all Van Nuys - East real estate or contact a Coldwell Banker agent to request more information.