List Price: $1.15M

Listing Status: Active

Days on Market: 0

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1953

Lot Size: 6,995 sq ft

Garage Spaces: 4

Private Pool: Yes

MLS Number: NDP2604254

About This Property

Rare opportunity to acquire a well-located four-unit apartment property in a strong rental pocket of Sun Valley. The property features a desirable unit mix of two spacious 2-bedroom/1-bath units and two oversized 1-bedroom/1-bath units. All units are larger than typical for the area, enhancing tenant appeal and supporting long-term occupancy. This asset offers multiple clear paths to increased income and overall value. A street-facing courtyard presents an excellent opportunity to create a landscaped outdoor amenity space, adding usability and appeal-particularly for the front 1-bedroom unit. With thoughtful improvements, this feature can contribute to higher achievable rents and improved tenant retention. The property also includes two detached 2-car garages that are currently not utilized by tenants. These garages provide immediate upside potential through separate rental income or by incorporating them into existing units to justify rent increases. Additionally, they may present a potential opportunity for conversion into additional units (buyer to verify), offering a compelling path to significantly higher total income. Investors can choose to operate the property in its current condition with stable rental demand and consistent cash flow, or implement a renovation program to capture full market rents. The larger unit sizes and functional layouts position the property well for interior and exterior upgrades that can command premium pricing. Located in a high-demand rental area of Sun Valley, the property benefits from close proximity to major employment centers throughout the San Fernando Valley and greater Los Angeles region. Easy access to multiple freeways, public transportation, retail centers, grocery stores, and dining options supports strong tenant demand and long-term investment stability. This is a versatile investment opportunity ideal for both cash-flow investors and value-add buyers seeking to unlock additional income and appreciation. Properties with this combination of unit mix, size, and upside potential are rarely available in the area.