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15907 Enadia Way 2 Unit Apartment Building $1,377,561 CAD ($688,781 CAD/Unit) 5.20% Cap Rate Van Nuys, CA 91406
Executive Summary
15905 & 15907 Enadia Way offer a savvy investor a well-maintained, income-producing property featuring a 3-bedroom, 2-bath single-family residence and a fully permitted 1-bedroom, 1-bath ADU, each with its own address, private entrance, fenced yard, and separate laundry. Ideally located on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, the tree-lined neighborhood offers convenient access to the 405 and Van Nuys airport without interference from either. Though zoned LAR1, SB 79 is opening growth opportunities throughout the city due to ongoing housing needs.
Designed for efficient long-term ownership, the property features separately metered electricity, infrastructure allowing tenants to pay their own utilities, and stable rental history with consistent occupancy throughout the sellers' ownership. The front residence offers approximately 1,268 square feet with central HVAC and fireplaces, while the permitted ADU provides approximately 447 square feet with a mini-split system, dedicated outdoor space and access to the driveway for parking.
This fifties charmer sits on a 5,500-square-foot lot, the property generates positive cash flow with tenants already in place, making it attractive to investors seeking immediate income. The front home is leased, and the ADU is currently occupied on a month-to-month basis with both tenants at market rate. Interior showings will be provided upon acceptance of an offer. Please do not disturb occupants. Photos as been digitally altered.
Designed for efficient long-term ownership, the property features separately metered electricity, infrastructure allowing tenants to pay their own utilities, and stable rental history with consistent occupancy throughout the sellers' ownership. The front residence offers approximately 1,268 square feet with central HVAC and fireplaces, while the permitted ADU provides approximately 447 square feet with a mini-split system, dedicated outdoor space and access to the driveway for parking.
This fifties charmer sits on a 5,500-square-foot lot, the property generates positive cash flow with tenants already in place, making it attractive to investors seeking immediate income. The front home is leased, and the ADU is currently occupied on a month-to-month basis with both tenants at market rate. Interior showings will be provided upon acceptance of an offer. Please do not disturb occupants. Photos as been digitally altered.
Property Facts
| Price | $1,377,561 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $688,781 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.20% | Building Size | 1,760 SF |
| Gross Rent Multiplier | 16.29 | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1954/2018 |
| Property Type | Multifamily | Parking Ratio | 0.57/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R1 - R1 plus ADU | ||
| Price | $1,377,561 CAD |
| Price Per Unit | $688,781 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 16.29 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 1,760 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2018 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | R1 - R1 plus ADU |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Refrigerator
- Range
- Tub/Shower
- Yard
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $4,579 CAD | 1,238 |
| 1+1 | 2 | $2,507 CAD | 447 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2224-004-028 | Improvements Assessment | $190,928 CAD |
| Land Assessment | $674,893 CAD | Total Assessment | $865,821 CAD |
Property Taxes
Parcel Number
2224-004-028
Land Assessment
$674,893 CAD
Improvements Assessment
$190,928 CAD
Total Assessment
$865,821 CAD
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15907 Enadia Way
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