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Multifamily

13524 Vanowen St

13524 Vanowen St, Van Nuys, CA 91405

Listing Price: $1,095,000

Cap Rate
3.03%
Number of Units
4
GRM
16.44
Occupancy
97.0%
Price/Unit
$273,750
Price/Gross SF
$377.33
Gross SF
2,902

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 13524 Vanowen Street, a charming four-unit multifamily building located in Van Nuys. Built in 1955 comprised of (2) one-bedroom, one-bathroom units, and (2) two-bedroom, one-bathroom unit, with a total of 2,902 rentable square feet.

The property has had many recent capital improvements, including window replacements in unit #4, repairs to doors, sinks, refrigerators, and laundry facilities in 2022, and a garage roof replacement in the same year. Additionally, floor replacements in unit #2 and kitchen countertops in units #1 and #3 have been completed. With a versatile unit mix, the property offers potential for attracting tenants from different demographics, potentially increasing rental income. The property includes carport parking for each unit.

Van Nuys, a neighborhood located in the San Fernando Valley region of Los Angeles, California, near the intersection of Vanowen Street and Woodman Avenue, offers a mix of residential, commercial, and recreational amenities. This area boasts easy access to major transportation routes such as the 405 and 101 freeways, facilitating convenient commuting throughout the Los Angeles metropolitan area. The neighborhood is known for its diverse population and vibrant cultural scene, with various dining, shopping, and entertainment options nearby. Additionally, Van Nuys is home to several parks and green spaces, providing opportunities for outdoor recreation and relaxation. The proximity to schools, healthcare facilities, and other essential services makes it an appealing location for residents seeking convenience and accessibility. Overall, Van Nuys offers a dynamic urban environment with a range of amenities and opportunities for residents.

In summary, 13524 Vanowen Street represents an excellent investment opportunity within the thriving community of Van Nuys. With recent capital improvements, a versatile unit mix, and its prime location near major transportation routes and amenities, this property promises strong rental potential and long-term value appreciation.

Investment Highlights

  • Prime Location: Situated in the vibrant neighborhood of Van Nuys, offering convenient access to major transportation routes, including the 405 and 101 freeways. Close proximity to essential amenities,
  • Well-Maintained Property: Charming four-unit multifamily building, recent capital improvements, including window replacements, door repairs, sink replacements, refrigerator upgrades, laundry facility
  • Versatile Unit Mix: With a mix of (2) one-bedroom, one-bathroom units, and (2) two-bedroom, one-bathroom units, totaling 2,902 rentable square feet, the property caters to diverse tenant demographics.
  • Tenant Amenities: Each unit includes carport parking, providing convenience and added value for tenants.
  • Strong Rental Potential: Recent capital improvements, a versatile unit mix, and the property's prime location in Van Nuys near major transportation routes and amenities positions it as an attractive investment opportunity. Investors can capitalize on the strong rental demand in the area, potentially achieving favorable cash flow and long-term value appreciation.

Exclusively Listed By

Financing By

Multifamily

13524 Vanowen St

Listing Price: $1,095,000

Cap Rate
3.03%
Number of Units
4
GRM
16.44
Occupancy
97.0%
Price/Unit
$273,750
Price/Gross SF
$377.33
Gross SF
2,902

Investment Highlights

  • Prime Location: Situated in the vibrant neighborhood of Van Nuys, offering convenient access to major transportation routes, including the 405 and 101 freeways. Close proximity to essential amenities,
  • Well-Maintained Property: Charming four-unit multifamily building, recent capital improvements, including window replacements, door repairs, sink replacements, refrigerator upgrades, laundry facility
  • Versatile Unit Mix: With a mix of (2) one-bedroom, one-bathroom units, and (2) two-bedroom, one-bathroom units, totaling 2,902 rentable square feet, the property caters to diverse tenant demographics.
  • Tenant Amenities: Each unit includes carport parking, providing convenience and added value for tenants.
  • Strong Rental Potential: Recent capital improvements, a versatile unit mix, and the property's prime location in Van Nuys near major transportation routes and amenities positions it as an attractive investment opportunity. Investors can capitalize on the strong rental demand in the area, potentially achieving favorable cash flow and long-term value appreciation.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of 13524 Vanowen Street, a charming four-unit multifamily building located in Van Nuys. Built in 1955 comprised of (2) one-bedroom, one-bathroom units, and (2) two-bedroom, one-bathroom unit, with a total of 2,902 rentable square feet. The property has had many recent capital improvements, including window replacements in unit #4, repairs to doors, sinks, refrigerators, and laundry facilities in 2022, and a garage roof replacement in the same year. Additionally, floor replacements in unit #2 and kitchen countertops in units #1 and #3 have been completed. With a versatile unit mix, the property offers potential for attracting tenants from different demographics, potentially increasing rental income. The property includes carport parking for each unit. Van Nuys, a neighborhood located in the San Fernando Valley region of Los Angeles, California, near the intersection of Vanowen Street and Woodman Avenue, offers a mix of residential, commercial, and recreational amenities. This area boasts easy access to major transportation routes such as the 405 and 101 freeways, facilitating convenient commuting throughout the Los Angeles metropolitan area. The neighborhood is known for its diverse population and vibrant cultural scene, with various dining, shopping, and entertainment options nearby. Additionally, Van Nuys is home to several parks and green spaces, providing opportunities for outdoor recreation and relaxation. The proximity to schools, healthcare facilities, and other essential services makes it an appealing location for residents seeking convenience and accessibility. Overall, Van Nuys offers a dynamic urban environment with a range of amenities and opportunities for residents. In summary, 13524 Vanowen Street represents an excellent investment opportunity within the thriving community of Van Nuys. With recent capital improvements, a versatile unit mix, and its prime location near major transportation routes and amenities, this property promises strong rental potential and long-term value appreciation.

Exclusively Listed By

Financing By

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