5-Unit Apartment Building with
New
For Sale
$2,995,000
14111 Sylvan, Van Nuys, CA 91401
The occupied property combines a four-bedroom residence with four three-bedroom units and separately metered utilities.
Property Size7,460 SF
Days on Market5
Property Features for 14111 Sylvan
General Information
Standard status
Active
Size
7,460 SF
Total Parking Spaces
10
Property subtype
Apartment
Occupancy
100%
Units
Unit Mix
1 x 4BR/4BA, 4 x 3BR/3BA
Multifamily Units
5
Additional Details
Cap Rate
5.85%
Utilities to Site
Yes
Building Details
Building Size
7,460 SF
Year Built
2019
Tenancy
Multi
Listing Agency:
Myunits.com Inc.
Listed By:
Lauren Cearley · License #02146823
Source:
Velocityrealtysd
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 7:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Myunits.com Inc.
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Investment Insights
Based on property information with market context.
Completed in 2019, this five-unit apartment property includes one residence with four bedrooms and four bathrooms, plus four units with three bedrooms and three bathrooms each. The units feature kitchens with islands, balconies off living areas, high ceilings, large closets, and included appliances. Separate meters serve gas, water, and electricity, and the site has 10 parking spaces.
The property is on Sylvan Street in Van Nuys, within walking distance of the Van Nuys Courthouse. All five units are rented. The reported cap rate is 5.85%, and the property is described as not subject to rent control.
The property is on Sylvan Street in Van Nuys, within walking distance of the Van Nuys Courthouse. All five units are rented. The reported cap rate is 5.85%, and the property is described as not subject to rent control.
Key Highlights
- Five units: one 4‑bedroom, 4‑bath residence and four 3‑bedroom, 3‑bath units
- Built in 2019; all units are rented
- 10 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,037
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,400,740
$2.4M
Cap Rate 7%
$1,714,814
$1.7M
Cap Rate 9%
$1,333,744
$1.3M
Market Conditions
NOI Build-Up for 7,460 SF
Gross rent
$237.2K $31.80/SF
− Vacancy
−$19.0K −$2.54/SF
EGI
$218.2K $29.26/SF
− OpEx
−$98.2K −$13.17/SF
NOI
$120.0K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,400,740
Cap Rate 7%
$1,714,814
Cap Rate 9%
$1,333,744
Alternative Uses
Best Use
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $120,037 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,584 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,776
Businesses Nearby
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Business Placement
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The occupied property combines a four-bedroom residence with four three-bedroom units and separately metered utilities.
Where is this apartment building located?
The property is located at 14111 Sylvan Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Five units: one 4‑bedroom, 4‑bath residence and four 3‑bedroom, 3‑bath units; Built in 2019; all units are rented; 10 parking spaces
