Renovated 9-Unit Apartment
14218 Sylvan Avenue, Van Nuys, CA 91401
New
Apartment - Van Nuys, CA
Type:Apartment
Property size:
8,957 SFLot size:
8,783.00 AcresPrice / SF:
$256/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 1:06 am
Property Features for 14218 Sylvan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 13
- Bathrooms
- 13
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 13
- Exterior features
- Community Features Included: Valley, Curbs, Street Lights, Sidewalks, 0-1 Unit/Acre
- Standard status
- Active
- APN
- 2240017007
- Size
- 8,957 SF
- Lot size
- 8,783.00 Acres
Building Details
- Year built
- 1964
- Floors in Building
- 3
- Number of units
- 9
- Architectural style
- Other
Listing agent Sarkis Kalinyan License #01294788 (818) 402-3593
Listing office Coldwell Banker Hallmark Realty 1625 W. Glenoaks Blvd., Glendale, CA (818) 476-3000
Listing date Jun 2, 2026
MLS# BB26108071
Listing URL
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 9‑unit apartment building in Sherman Oaks on an 8,749 sq ft lot
- Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath
- Approximately 8,957 rentable sq ft with all units currently leased and fully occupied
- Extensive upgrades including fully renovated interiors plus granite and sizar stone countertops and stainless steel appliances
- Exterior improvements and painting completed throughout the property
- Convenient freeway access near the 405, 101, and 170
Overview
This well-maintained 9-unit apartment building offers a desirable unit mix with four 2 bed/2 bath units and five 1 bed/1 bath units. The property is fully occupied with all units currently leased, supporting stable, long-term tenancy and helping minimize turnover. Extensive upgrades have been completed throughout the building, including granite and sizar stone counter tops, stainless steel appliances, exterior improvements, fresh painting, and fully renovated interiors.
Located in Van Nuys, the property provides convenient access to major regional routes, with proximity to the 405, 101, and 170 freeways. It is next to Citi Hall Court House Federal Buildings and is minutes from Ventura Boulevard. The area also offers nearby dining, shopping, and entertainment options, along with public transportation providing easy access to surrounding employment and lifestyle centers.
For investors or buyers seeking steady income, this renovated, occupied multifamily asset offers an attractive blend of unit variety and operational stability. The current lease-up position may appeal to ownership groups focused on long-term holding, while the comprehensive updates can help support ongoing resident appeal and retention.
Located in Van Nuys, the property provides convenient access to major regional routes, with proximity to the 405, 101, and 170 freeways. It is next to Citi Hall Court House Federal Buildings and is minutes from Ventura Boulevard. The area also offers nearby dining, shopping, and entertainment options, along with public transportation providing easy access to surrounding employment and lifestyle centers.
For investors or buyers seeking steady income, this renovated, occupied multifamily asset offers an attractive blend of unit variety and operational stability. The current lease-up position may appeal to ownership groups focused on long-term holding, while the comprehensive updates can help support ongoing resident appeal and retention.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $284.8k | $31.80 |
| − Vacancy | −$22.8k | −$2.54 |
| EGI | $262.0k | $29.26 |
| − OpEx | −$117.9k | −$13.17 |
| NOI | $144.1k | $16.09 |
8,957 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,125 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.59M
NOI $335,688 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Van Nuys
- County
- Los Angeles
- State
- California
- Longitude
- -118.432
- Latitude
- 34.1781
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 9-unit property with a diversified 1- and 2-bedroom mix and extensive interior and exterior upgrades.
Where is this apartment building located?
The property is located at 14218 Sylvan Avenue Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,298,888.
What are key features of this property?
This property features: 9‑unit apartment building in Sherman Oaks on an 8,749 sq ft lot; Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath; Approximately 8,957 rentable sq ft with all units currently leased and fully occupied
