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Multifamily

17411 Vanowen St

17411 Vanowen St, Van Nuys, CA 91406

Listing Price: $3,200,000

Cap Rate
4.50%
Number of Units
16
GRM
12.64
Occupancy
97.0%
Price/Unit
$200,000
Price/Gross SF
$201.97
Gross SF
15,844

Investment Overview

Marcus and Millichap is pleased to present a sixteen-unit multifamily property located in a desirable Lake Balboa/Van Nuys location. Built in 1959 the building is made up of thirteen (1Bed+1Bath), two (2Bed+1Bath) and one Studio. Located on Vanowen Street, just East of White Oak Ave., the property provides residents a central location to much of the San Fernando Valley and Greater LA area.

This property is conveniently close to local amenities, schools, and transportation options. Birmingham Community High School, Mullholland Middle School and Sepulveda Basin Recreation Area are some notable destinations nearby. Sherman Oaks Galleria and Sherman Oaks Recreation Area are also a short drive away. Major freeway access to 101 and 405 freeways is also convenient and close by.

The property offers residents spacious floorplans, ample closet space, wall AC & Heating units as well as a courtyard with a pool, on-site laundry facility and gated carport/open parking.

This is a great opportunity to own a well located, corner property that offers significant upside as units turn. There are also upcoming vacancies that can be updated to achieve top market rents. (Check with listing agents for details)

Investment Highlights

  • Desireable Lake Balboa/Van Nuys Location
  • Corner Property in a Solid Rental Pocket
  • Significant Upside in Rents
  • Attractive Pricing Metrics
  • Not on LA City Soft Story Retrofitting List

Exclusively Listed By

Multifamily

17411 Vanowen St

Listing Price: $3,200,000

Cap Rate
4.50%
Number of Units
16
GRM
12.64
Occupancy
97.0%
Price/Unit
$200,000
Price/Gross SF
$201.97
Gross SF
15,844

Investment Highlights

  • Desireable Lake Balboa/Van Nuys Location
  • Corner Property in a Solid Rental Pocket
  • Significant Upside in Rents
  • Attractive Pricing Metrics
  • Not on LA City Soft Story Retrofitting List

Investment Overview

Marcus and Millichap is pleased to present a sixteen-unit multifamily property located in a desirable Lake Balboa/Van Nuys location. Built in 1959 the building is made up of thirteen (1Bed+1Bath), two (2Bed+1Bath) and one Studio. Located on Vanowen Street, just East of White Oak Ave., the property provides residents a central location to much of the San Fernando Valley and Greater LA area. This property is conveniently close to local amenities, schools, and transportation options. Birmingham Community High School, Mullholland Middle School and Sepulveda Basin Recreation Area are some notable destinations nearby. Sherman Oaks Galleria and Sherman Oaks Recreation Area are also a short drive away. Major freeway access to 101 and 405 freeways is also convenient and close by. The property offers residents spacious floorplans, ample closet space, wall AC & Heating units as well as a courtyard with a pool, on-site laundry facility and gated carport/open parking. This is a great opportunity to own a well located, corner property that offers significant upside as units turn. There are also upcoming vacancies that can be updated to achieve top market rents. (Check with listing agents for details)

Exclusively Listed By

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