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Multifamily

16226 Vanowen St

16226 Vanowen St, Van Nuys, CA 91406

Listing Price: $4,550,000

Cap Rate
4.23%
Number of Units
17
Occupancy
97.0%
Price/Unit
$267,647
Price/Gross SF
$372.74
Gross SF
12,207

Investment Overview

Marcus & Millichap is pleased to present a seventeen unit multifamily property located in an desireable Lake Balboa/ Van Nuys location. Built in 1985, the property is not subject to LA City Rent Control (Still Subject to CA Rent Control AB1482). There is a nice unit mix of two-Studios, thirteen one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Located on Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. The Van Nuys Golf Course, Sepulveda Basin Recreation Center, and the Van Nuys Airport are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA City Rent Controlled asset in a dense rental market.

Investment Highlights

  • Built in 1985- Not Subject to LA City Rent Control
  • Desireable Lake Balboa Location
  • Central A/C & Heat
  • Attractive Unit Mix of Studio, One and Two Bedroom Units
  • Gated Parking - 8 Tuck Under and 11 Open Spaces

Exclusively Listed By

Financing By

Multifamily

16226 Vanowen St

Listing Price: $4,550,000

Cap Rate
4.23%
Number of Units
17
Occupancy
97.0%
Price/Unit
$267,647
Price/Gross SF
$372.74
Gross SF
12,207

Investment Highlights

  • Built in 1985- Not Subject to LA City Rent Control
  • Desireable Lake Balboa Location
  • Central A/C & Heat
  • Attractive Unit Mix of Studio, One and Two Bedroom Units
  • Gated Parking - 8 Tuck Under and 11 Open Spaces

Investment Overview

Marcus & Millichap is pleased to present a seventeen unit multifamily property located in an desireable Lake Balboa/ Van Nuys location. Built in 1985, the property is not subject to LA City Rent Control (Still Subject to CA Rent Control AB1482). There is a nice unit mix of two-Studios, thirteen one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units. Located on Vanowen Street, the property provides residents a central location for easy access to much of the San Fernando Valley. The Van Nuys Golf Course, Sepulveda Basin Recreation Center, and the Van Nuys Airport are some of the notable destinations nearby. In addition to the desirable location, the property offers residents central AC & heat, gated entry, central courtyard, covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA City Rent Controlled asset in a dense rental market.

Exclusively Listed By

Financing By

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