Great opportunity knocks on this excellent investment property with great cash flow at a minimum of $7400 per month in addition to huge future development opportunities. Located in the center of the San Fernando Valley with great rental demand. This beautiful corner flat lot has two completely separate houses, two separate addresses but with 3 good size units. The two separate houses have their own gas, water, and electricity meters: 7726 Vanalden is about 1500 sq.ft., 3 beds, and 2 baths. Recently renovated and remodeled in 2020. Good long-term tenants. Currently renting out for $2000/month. Has a lot of room to increase rental income from here. The current market rent for this one is at least $3200/month. 7726 ½ Vanalden is about 3883 sq. ft. divided into 2 units: unit 1: 3 bed/2 bath, current rent is $3000/month. Unit 2: 2 beds plus (office/small bedroom) and 2 baths. Renting out at $2200/month. Huge size kitchen, master bedroom, Master bathroom, and living room. Both share meters but have separate entries. Solar paid off. Help electricity bill significantly. All units have their own Washer and dryer. In addition, there is a 2-car garage and a 1-car garage with water, gas, and electricity already hooked in. They can be easily converted to an ADU and a Junior ADU for additional income. There is still lots of land left for parking or for further development. Lots of street parking is available as well. Great long-term tenants. Always pay on time even during hard time. This gem property seated on over half an acre corner lot allows endless opportunities for a work-at-home professional, kindergarten, nursing home, elderly care, or any other business. It can be subdivided into multiple lots to build more units. Perfect for investors and families who want to collect great stable rental income with so much upside opportunities. Do not miss out on this excellent property with great cash flow and so much upside potential!!!!! All information is deemed to be reliable, but not guaranteed. Please do your own research to your satisfaction. Please do not disturb tenants. Drive by only. Showing only to serious buyers, loan pre-approval and proof of fund. For sale by owner but also welcome agent.
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