7243 VINELAND AVE Sun Valley, CA 91352

We are pleased to announce the sale of 7243-7249 Vineland Avenue, a 12-unit multifamily property situated just one block from the cities of Burbank and North Hollywood, within Sun Valley, CA. Consisting of two separate six-unit buildings occupying two contiguous parcels, the property offers an investor the chance to add value by capitalizing on the significant rent upside, as current rents are approximately 61% below the market level. Expenses and deferred maintenance passed along to the buyer are limited by a variety of factors. The buildings do not appear on the LADBS seismic retrofit list (Buyer to verify), potentially saving an investor from an otherwise substantial capital expense. With one exception, every apartment has been upgraded with new laminate flooring and new granite countertops, while the common area features new roofs on the carport and storage area, new asphalt, and a new gate.