RateMyAgentGo to search
Back 6716 Sylmar Ave
Off Market

6716 Sylmar Ave

Los Angeles CA 91405

24
24
24
9996 sq. ft.
10783 sq. ft.
Other
Last sold for $3,500,000
Filip NiculeteFilip Niculete, last sold this property on 12 May 2025 after 80 days on market.

Overview

We are pleased to present for sale the 12-unit multifamily property located at 6716 Sylmar Avenue in Van Nuys, California. Built in 1984, the property is not subject to LA Rent Control (RSO) and is governed only by AB 1482, allowing annual rent increases The property features 12 two-bedroom, two-bathroom units, each approximately 833 square feet, with easy-to-manage family tenants in nearly all units. The property has a gated and controlled entrance, 24 total parking spaces (12 tandem), central heating and air, an onsite laundry room with two washers and two dryers (machines are leased), and 12 large storage closets. Importantly, the tuck under parking is exempt from the city's mandatory seismic retrofit program because the property was built in the 1980s. With upside in rents, this property offers a great opportunity to acquire a well-positioned asset in an up-and-coming area with good value-add potential. Thoughtfully maintained by the current ownership for over 20 years, recent improvements include a GE Enduris silicone-coated roof, repaired copper plumbing, and replaced air conditioners and heaters in select units. The property's strategic location in a budding pocket of Van Nuys benefits greatly from nearby new construction and proximity to key amenities. With no seismic retrofitting required and a significant rental upside, this investment presents a compelling opportunity for investors looking to capitalize on value-add potential and steady tenant demand.

Features

24 bedrooms
24 bathrooms
24 carspaces
1 garage space
9996 sq. ft. floor area
10783 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 24 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 6716 Sylmar Ave

2025
Sold
$3,500,000
12 May 2025 by Filip Niculete, of Marcus & Millichap
2004
Sold
$473,515
25 Feb 2004

Happy sellers in Los Angeles

92%
92% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Los Angeles over the last 12 months.

Local market activity for 24 bedroom other properties in Los Angeles

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Los Angeles

placeholder
Kenneth Tananan

Kenneth Tananan is a recommended agent for Los Angeles.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.7   (3 reviews)
  •  1 Review in Los Angeles
  •  1 Sale in Los Angeles
View profile
placeholder
Julie Braden

Julie Braden is a recommended agent for Los Angeles.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Los Angeles
  •  1 Sale in Los Angeles
View profile
placeholder
Rafik Kasumyan

Rafik Kasumyan is a recommended agent for Los Angeles.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (5 reviews)
  •  1 Review in Los Angeles
  •  1 Sale in Los Angeles
View profile
placeholder
Collin Ellingson

Collin Ellingson is a recommended agent for Los Angeles.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (11 reviews)
  •  1 Review in Los Angeles
  •  1 Sale in Los Angeles
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap