91.1 F
San Fernando
Thursday, Mar 28, 2024
Array

Van Nuys Townhouses Sell for $5.6 Million

Erwin Apartments, a multifamily property at 14740 Erwin St. in Van Nuys, has sold for $5.59 million, or $310,556 a unit, according to Warren Berzack, principal of Lee & Associates-LA North/Ventura, who represented the seller with Lee Principal Slavic Zlatkin. Both seller and buyer are private investors. Built in 2007, the property features 18 townhouses, each roughly 900 square feet with two bedrooms, two baths and balconies. “This property is non-rent-controlled with a lot of rental upside,” Berzack said in a statement. “Along with that, it is located in a very walkable neighborhood close to amenities, transportation and schools, making it a highly attractive investment.” Lee & Associates-LA North/Ventura has offices in Sherman Oaks and Calabasas.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

Featured Articles

Related Articles