32 Units | Van Nuys | Value Add

Highlights:

• Built in 1962 | RSO Property
• Great Value Add | 35% Upside
• Brand New Roof in 2024
• All New Panels and Subpanels
• Seismic Retrofitting Completed
• Great Unit Mix with 1, 2 & 3 Beds
• First Time for Sale in 25+ Years
• Central Van Nuys Location

Description:

The LAAA Team of Marcus & Millichap is pleased to present for sale Oxnard Gardens, a 32-unit garden-style apartment community located at 14015 Oxnard Street in Van Nuys, California. With about 35 percent upside in rents, this well-maintained property offers a prime value-add opportunity in one of the San Fernando Valley’s strongest rental submarkets. Additionally, Oxnard Gardens features a desirable unit mix with significant income growth potential. Recent capital improvements include a brand-new roof, updated electrical subpanels, and the completed soft-story seismic retrofit, which reduces future maintenance costs for new ownership. The property’s classic garden-style design enhances curb appeal, while gated access and on-site parking provide added convenience for residents.

Strategically positioned in a high-demand rental market, the property benefits from its proximity to new construction, key employment hubs, shopping centers, and major transportation corridors, including the 405 and 101 Freeways. Van Nuys continues to experience strong rent growth, making this an attractive investment for those seeking long-term appreciation and income stability. With well-maintained common areas and room for interior upgrades, Oxnard Gardens presents an excellent opportunity for investors to increase rental income and capitalize on the continued demand for quality housing in the San Fernando Valley.

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