Multifamily

13238 Vanowen St

13238 Vanowen St, Los Angeles, CA 91605

Listing Price: $1,550,000

Cap Rate
4.19%
Number of Units
8
GRM
13.60
Occupancy
97.00%
Price/Unit
$193,750
Price/Gross SF
$266.14
Gross SF
5,824

Investment Overview

Marcus & Millichap is pleased to present this exclusively listed 8-unit apartment building in prime North Hollywood. Located at 13238 Vanowen Street, built in 1959, the property is located in a desirable location with a unit mix consisting of six two-bedroom/one-bath units and two, one-bedroom/one-bath units with substantial rental upside. The onsite amenities include, lush landscaping, controlled access, balconies, private alley access with abundant parking.

Local amenities include Fulton Avenue Park, across the street and the North Hollywood Tujunga Wash Biking & Walking Path adjacent to the property. Nearby as well, you have the Los Angeles Valley College, James Madison Middle School, Bob Hope Airport and Coldwater Canyon Elementary. This multi-unit property is perfect for young professionals as well as those families looking to live in close proximity to a plethora of educational establishments and recreational activities. This low maintenance asset is ideal for first time buyers & seasoned professionals alike.

Investment Highlights

  • Great Valley Glen/ North Hollywood Pocket
  • Fulton Ave Park Across the Street
  • Biking and Walking Path Adjacent to the Property by the Tujunga Wash
  • Attractive Price Per Unit: $212,500 / Unit
  • Desirable Unit Mix: Six 2+1's and Two 1+1's
  • Balconies in Most Units

Exclusively Listed By

Listing Price: $1,550,000

Cap Rate
4.19%
Number of Units
8
GRM
13.60
Occupancy
97.00%
Price/Unit
$193,750
Price/Gross SF
$266.14
Gross SF
5,824

Investment Highlights

  • Great Valley Glen/ North Hollywood Pocket
  • Fulton Ave Park Across the Street
  • Biking and Walking Path Adjacent to the Property by the Tujunga Wash
  • Attractive Price Per Unit: $212,500 / Unit
  • Desirable Unit Mix: Six 2+1's and Two 1+1's
  • Balconies in Most Units

Investment Overview

Marcus & Millichap is pleased to present this exclusively listed 8-unit apartment building in prime North Hollywood. Located at 13238 Vanowen Street, built in 1959, the property is located in a desirable location with a unit mix consisting of six two-bedroom/one-bath units and two, one-bedroom/one-bath units with substantial rental upside. The onsite amenities include, lush landscaping, controlled access, balconies, private alley access with abundant parking.

Local amenities include Fulton Avenue Park, across the street and the North Hollywood Tujunga Wash Biking & Walking Path adjacent to the property. Nearby as well, you have the Los Angeles Valley College, James Madison Middle School, Bob Hope Airport and Coldwater Canyon Elementary. This multi-unit property is perfect for young professionals as well as those families looking to live in close proximity to a plethora of educational establishments and recreational activities. This low maintenance asset is ideal for first time buyers & seasoned professionals alike.

Exclusively Listed By

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