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$1,291,000
Listing Price5beds
3baths
2,101sqft
7,500sqft lot
14201 Friar St, Van Nuys, CA 91401
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Introducing an unparalleled investment opportunity: a strategically positioned triplex in a high-demand area, zoned LARD 1.5, ripe for immediate income and extensive future development. This property represents a rare find for investors looking to capitalize on both current rental income and expansive growth potential.Property Features:Diverse Unit Composition: The heart of this investment is the middle unit, a beautifully remodeled one-bedroom, one-bathroom sanctuary, complete with an in-unit washer and dryer for utmost convenience. This unit's modern finishes and thoughtful upgrades set the standard for comfort and style within the property.Ample Parking: A standout feature is the extensive parking availability, a coveted amenity in urban living, ensuring ease and accessibility for tenants and visitors alike.Expansion Potential: With LARD 1.5 zoning, this property doesn't just offer a solid income stream; it presents vast opportunities for development. The unique potential to expand up to 8 units, especially by adding a second story to the existing two-bedroom unit, catapults this investment into a realm of significant growth prospects.Situated in a neighborhood renowned for its strong rental market, this triplex not only generates stable income but also stands as a beacon for development possibilities. The existing structure serves as a foundation for a visionary investor to reshape, expand, and maximize the site's full potential, aligning with the area's growing demand fo
Interior Details
2101
5
3
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
No Basement
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
No
Fireplace Type:
N/A
Property Details
7500
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$3,938
$227,600
$83,002
--%
$310,602
2019
$3,938
$223,138
$81,375
--%
$304,513
2018
$3,848
$218,763
$79,780
--%
$298,543
2017
$3,766
$214,474
$78,216
--%
$292,690
2016
$3,662
$210,269
$76,683
--%
$286,952
2014
$3,643
$203,054
$74,053
--%
$277,107
2013
$3,643
$202,137
$73,719
--%
$275,856
2012
$3,584
$198,174
$72,274
--%
$270,448
Average Home Price in 91401
Nearby Properties
Zip Code
Price
Bed
Bath
Sqft
Lot
Sold Date
$--
3 Beds
3 Baths
1,890 Sqft
6,260 Lot (sqft)
Sold 01/08/2024
$1,291,000
$1,291,000
5 Beds
3 Baths
2,101 Sqft
7,500 Lot (sqft)
Sold 04/09/2024
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Details for 14201 FRIAR ST
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Strong demand and a robust economy are driving Long Beach’s real estate market, with property values and cost per square foot on the rise.