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16021 Olympiad Dr Los Angeles, CA 91406

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For Sale
$615,000

Fully-leased duplex in Van Nuys with below-market rents.

Lot size:
0.16 Acres

Property Features for 16021 Olympiad Dr

General Information

Lot size
0.16 Acres

Building Details

Year built
1987
Source: Elliman

Listing Agent: Tiffeny Cook

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Van Nuys Duplex with Upside

This fully-leased duplex, constructed in 1987, is located in a desirable area of Van Nuys, near Vanowen and Woodley, west of the 405 Freeway. The property features two units: Unit 1 with 3 bedrooms and 2.5 bathrooms, and Unit 2 with 2 bedrooms and 1.5 bathrooms. The building has a 4-car attached garage. The property is situated on a 6,986 square foot lot and the building size is 2,320 square feet. Each unit is separately metered, with tenants responsible for electricity and gas. The current below-market rents present a potential upside for investors.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.3521304
Latitude
34.0011885

FAQs

What type of property is this?
Duplex - Fully-leased duplex in Van Nuys with below-market rents.
Where is this duplex located?
The property is located at 16021 Olympiad Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: - Fully-leased duplex with long-term tenants providing immediate income.; - Below-market rents offer significant potential for increased revenue.; - Desirable Van Nuys location near Vanowen and Woodley, west of the 405 Fwy.
More about this property
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