Listed by Marcus & Millichap - Los Angeles
$6,395,000
7442 & 7450 Vineland Ave
Details
APN 2410-002-018 / 2410-002-019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,288
Units 33
Cap Rate 5.20%
NOI $332,248
Pro-Forma Cap Rate 7.61%
Pro-Forma NOI $486,408
Price per SqFt $263
Year Built 1964/1972
Buildings 2
Stories 2
Lot Size (SqFt) 41,013
Zoning LAR3
Parking Spaces 33 spaces
Parking Per SqFt 1.36
Investment Type Value Add
Ownership Fee Simple
Multifamily | 33 Units | $193,788/unit
Marketing description
The Azzi Group of Marcus and Millichap is pleased to present the opportunity to acquire 7442-7450 Vineland Ave, a 33-unit investment opportunity located in Sun Valley, CA 91352.
Sun Valley is a conveniently located San Fernando Valley neighborhood offering excellent regional access and strong connectivity to major employment hubs. The area sits just over a mile from both the Sun Valley Metrolink Station and Burbank Airport, giving residents direct access to commuter transit and aviation‑related job centers. With immediate access to the I‑5, 170, and 210 freeways, the community is well‑positioned for mobility throughout Greater Los Angeles. Sun Valley blends residential streets, neighborhood retail, and light industrial uses, providing a functional, small‑town feel within the broader LA region.
The community’s proximity to major industrial and logistics centers—bolstered by its adjacency to Burbank Airport—creates a steady stream of workforce renters who value Sun Valley’s affordability and convenience. With limited new multifamily construction and a predominantly mid‑century housing stock, the area remains a supply‑constrained rental market where well‑located, professionally managed buildings consistently perform.
7442 & 7450 Vineland Ave are centrally located within the eastern San Fernando Valley, offering convenient access to major employment centers and lifestyle destinations throughout Greater Los Angeles, including Burbank, Panorama City, and North Hollywood.
Investment highlights
- Utilities: Gas, Water & Electric Separately Metered
- Rare two‑property multifamily portfolio totaling 33 units, providing immediate scale in a supply‑constrained submarket.
- Recent Capital Improvements: The property has been upgraded with a brand new roof and new boiler, along with copper plumbing throughout, reducing near-term maintenance costs and ensuring operational efficiency.
- Proximity to Transit: 1.2–1.3 miles to Sun Valley Metrolink and ~1 mile to Burbank Airport, providing direct access to major employment centers.
- Attractive profile for value‑add: Yield‑focused, or long‑term hold investors seeking stable cash flow with upside.
- Strong Occupant Base: Sun Valley attracts workforce renters tied to airport, transportation, and industrial employment centers.
- Ample Parking: The property offers 33 on-site parking spaces, providing convenience for residents and additional appeal for future tenants.
- Exceptional, Rare Large-Unit Mix: Featuring (3) 4BR/2BA and (5) 3BR/1. 5BA units, an uncommon configuration in the Los Angeles market, along with (2) 2BR/1BA, (16) 1BR/1BA, and (7) Studios, providing strong demand from family renters and long-term tenancy stability.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$332,248.00
$27,687.33/mo
Valuation Metrics
0
DSCR
5.2%
Cap Rate
5.2%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Is there information that looks off?
