Renovated 9-Unit Apartment
For Sale
$2,288,888
14218 Sylvan Street, Van Nuys, CA 91401
Well-maintained, fully occupied 9-unit building with renovated interiors and a balanced 1- and 2-bedroom mix.
Property Size8,957 SF
Lot Size0.20 Acres
Price / SF$255.54
Days on Market135
Property Features for 14218 Sylvan Street
General Information
Standard status
Active
Size
8,957 SF
Total Parking Spaces
13
Lot size
0.20 Acres
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$171,085
Additional Details
Highway Access
Yes
Multifamily Units
9
Amenities
Curbs, Street Lights, Sidewalks
Wall/Window Unit(s)
Dining Room
Building Details
Building Size
8,957 SF
Year Built
1964
Buildings
1
Stories
3
Listing Agency:
Prudential California Realty
Listed By:
Sarkis Kalinyan · License #01294788
(818) 402-3593
Source:
Evrealestate
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 12 at 7:10PM
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 Prudential California Realty
Investment Insights
Based on property information with market context.
This well-maintained 9-unit apartment building offers a desirable mix of (4) 2 bed/2 bath units and (5) 1 bed/1 bath units. The property sits on an 8,749 sq ft lot and provides approximately 8,957 rentable square feet. Extensive upgrades have been completed throughout, including granite and sizar stone countertops, stainless steel appliances, exterior improvements, and painting, along with fully renovated interiors.
The building is conveniently located near the 405, 101, and 170 freeways, supporting straightforward regional access. It is also positioned next to Citi Hall Court House Federal Buildings and is just minutes from Ventura Boulevard, with nearby public transportation offering access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.
The unit mix is designed to support longer-term occupancy and help minimize turnover, and the property is currently fully occupied with all units leased. With the renovations already completed, the building presents a practical turnkey option for an investor or operator seeking a stabilized multifamily asset with updated finishes and strong day-to-day leasing continuity.
The building is conveniently located near the 405, 101, and 170 freeways, supporting straightforward regional access. It is also positioned next to Citi Hall Court House Federal Buildings and is just minutes from Ventura Boulevard, with nearby public transportation offering access to Encino, Woodland Hills, North Hollywood, Burbank, Hollywood, and Downtown Los Angeles.
The unit mix is designed to support longer-term occupancy and help minimize turnover, and the property is currently fully occupied with all units leased. With the renovations already completed, the building presents a practical turnkey option for an investor or operator seeking a stabilized multifamily asset with updated finishes and strong day-to-day leasing continuity.
Key Highlights
- Fully occupied 9‑unit apartment building with all units currently leased
- Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath
- Approximately 8,957 rentable SF on an 8,749 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,125
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,882,500
$2.9M
Cap Rate 7%
$2,058,929
$2.1M
Cap Rate 9%
$1,601,389
$1.6M
Market Conditions
NOI Build-Up for 8,957 SF
Gross rent
$284.8K $31.80/SF
− Vacancy
−$22.8K −$2.54/SF
EGI
$262.0K $29.26/SF
− OpEx
−$117.9K −$13.17/SF
NOI
$144.1K $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%
$2,882,500
Cap Rate 7%
$2,058,929
Cap Rate 9%
$1,601,389
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,125 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.59M
NOI $335,688 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
9
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,457
Businesses Nearby
Explore this area
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained, fully occupied 9-unit building with renovated interiors and a balanced 1- and 2-bedroom mix.
Where is this apartment building located?
The property is located at 14218 Sylvan Street Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,288,888.
What are key features of this property?
This property features: Fully occupied 9‑unit apartment building with all units currently leased; Unit mix: (5) 1 bed/1 bath and (4) 2 bed/2 bath; Approximately 8,957 rentable SF on an 8,749 SF lot
