5-Unit Apartment
16057 Hartland St, Van Nuys, CA 91406
For Sale
$1,300,000
A varied unit mix includes two larger residences built in 2009 and governed by state rent control.
Property SizeContact for details
Days on Market51
Property Features for 16057 Hartland St
General Information
Standard status
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
Unique Five-Unit Opportunity Solid Van Nuys Location
(3) 1+1, and (2) 3+2 Units. The 3+2 Units are NOT Subject to LA CITY RSO
Approximately 8,900 SF Lot Zoned R3-1
Building Details
Units
Listing Agency:
Encino Office
Listed By:
Cole Hontas
(818) 212-2783
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 2
Last Checked: Nov 14 at 2:01AM
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 Encino Office
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Investment Insights
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This five-unit apartment property dates to 1946 and contains three one-bedroom, one-bathroom residences alongside two three-bedroom, two-bathroom units. The two larger units were built in 2009. They are not covered by the Los Angeles City Rent Stabilization Ordinance, but remain subject to California’s AB 1482 rent control law.
The property is in Van Nuys, near Lake Balboa, Sepulveda Basin Recreation Area, shopping and dining corridors, and employment centers in the San Fernando Valley. Access to the 405 and 101 Freeways connects the area with the Valley, Westside, and greater Los Angeles.
The property is in Van Nuys, near Lake Balboa, Sepulveda Basin Recreation Area, shopping and dining corridors, and employment centers in the San Fernando Valley. Access to the 405 and 101 Freeways connects the area with the Valley, Westside, and greater Los Angeles.
Key Highlights
- Five apartments: three one‑bedroom/one‑bathroom units and two three‑bedroom/two‑bathroom units
- The two three‑bedroom units were constructed in 2009
- Those two units are exempt from the Los Angeles City RSO and subject to AB 1482
Property Analytics
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
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Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
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Average Price Trend$/SF for Apartment buildings in Van Nuys, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied unit mix includes two larger residences built in 2009 and governed by state rent control.
Where is this apartment building located?
The property is located at 16057 Hartland St Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Five apartments: three one‑bedroom/one‑bathroom units and two three‑bedroom/two‑bathroom units; The two three‑bedroom units were constructed in 2009; Those two units are exempt from the Los Angeles City RSO and subject to AB 1482
