2-Unit Value Add Van Nuys, CA

Property Location MAP

16021 Olympiad Lane
Van Nuys, CA 91406

Property #: TAS2511

Preview Times


Drive By anytime, do not disturb occupants

Contact Agent

Tiffeny Cook
Tranzon Asset Strategies

888-314-1314 tcook@tranzon.com
  • Fully-leased duplex with long term tenants
  • Below market rents
  • 2,320sf Building on 6,986sf Lot
  • Unit 1 – 3BR/2.5BA
  • Unit 2 – 2BR/1.5BA
  • 4-Car garage
  • Individually metered, tenants pay electric/gas
  • Built in 1987
  • Just minutes off 405 Fwy near Vanowen and Woodley
  • Rent Roll and Income/Expense documents available on request
  • Opening Bid just $615,000

PLEASE DO NOT DISTURB OCCUPANTS

 

DRE License 01850659

Directions:

From 405 Fwy, exit Victory Blvd. and go west for .5 mi to Gaviota, north on Gaviota to Olympiad, west on Olympiad to property

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Tiffeny Cook

Tiffeny Cook: Tranzon Asset Strategies

888-314-1314 tcook@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 5% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: $10,000 certified deposit required to bid; 10% total deposit in certified funds within 24 hours of auction closing
  • Buyer Agent Compensation: Contact Tiffeny Cook for details
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

$10,000 wire transfer or cashier's check deposit is required in order to bid. Contact Tiffeny Cook at tcook@tranzon.com for deposit instruction. If you are the high bidder, the deposit will be applied to the 10% deposit.  The balance of the deposit must be made by cashier's check or wire transfer within 24 hours.  No deposits or payments will be accepted by credit card. 

 

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