14146 Friar Street, Van Nuys, California 91401, Van Nuys, 91401 - bed, bath
ACTIVE$945,000
14146 Friar Street, Van Nuys, California 91401
0Bed
0Bath
1,960Sqft
6,425Lot
Year Built
1942
Close
-
List price
$945K
Original List price
$945K
Price/Sqft
$482
HOA
-
Days on market
-
Sold On
-
MLS number
OC24198825
Home ConditionPoor
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $945.0K(75th), sqft - 1960(50th), beds - undefined(50th), baths - undefined(50th).
14146 Friar Street is a triplex constructed in 1942. Situated in the city of Van Nuys, the property consists of (2) Two-Bedroom/One-Bath units and (1) Three-Bedroom/One-Bath unit. The triplex is located between Friar Street and Sylvan Street. With rents well below market rate and the potential to add an ADU in the freestanding garage at the rear of the property, 14146 Friar Street presents an incredible investment opportunity for a savvy owner.
Condition Rating
Poor
The property was built in 1942 and the images show outdated kitchens and bathrooms. While the property may have been maintained, it likely requires substantial repairs and rehabilitation to bring it up to modern standards. The description mentions below-market rents, suggesting the units are not in top condition.
Pros & Cons
Pros
Income Potential: Below-market rents offer significant upside for increased rental income.
ADU Potential: Freestanding garage provides an opportunity to add an Accessory Dwelling Unit (ADU), further increasing income potential and property value.
Property Type: Triplex offers a diversified income stream compared to single-family rentals.
Cons
Age: Built in 1942, the property may require ongoing maintenance and potential upgrades.
Unit Configuration: Only one bathroom per unit may be less desirable for some tenants.