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Multifamily

13907 Vanowen St

13907 Vanowen St, Van Nuys, CA 91405

Listing Price: $5,300,000

Cap Rate
4.83%
Number of Units
25
GRM
11.66
Price/Unit
$212,000
Price/Gross SF
$344.67
Gross SF
15,377

Investment Overview

Marcus & Millichap is excited to present a remarkable investment opportunity at 13907 Vanowen St, a 25-unit apartment complex nestled in the heart of Van Nuys, CA. Built in 1972, this expansive property spans 15,377 square feet and sits upon a sprawling 0.55-acre lot. Offering a diverse unit composition, the building showcases (5) charming studio apartments, (18) spacious one-bedroom, one-bathroom units, and (2) generously sized two-bedroom, one-bathroom units. Moreover, it boasts a meticulously maintained collection of both standard and upgraded units, affirming its pride of ownership status.
This property’s location is situated in Van Nuys, within the heart of the San Fernando Valley, it graces the corner of the intersection of Ranchito Ave and Vanowen St. This strategic positioning grants residents effortless access to major transportation arteries, including the 405, 170, and 101 freeways, ensuring seamless connectivity to destinations near and far. Moreover, the Hollywood Burbank Airport is just a stone’s throw away, simplifying travel for both leisure and business endeavors.

Investment Highlights

  • 25 Units, Timeless Construction: With a rich history dating back to 1972, this apartment complex boasts enduring structural integrity and charm.
  • Catering to various lifestyles, the property offers (5) inviting studio units, (18) one-bedroom, one-bathroom retreats, and (2) generously appointed two-bedroom, one-bathroom residences.
  • LADBS Soft-Story Retrofit: Has been completed and building is in compliance.
  • Secure On-Site Parking: There are 36 onsite secured parking spaces.
  • Prime Proximity to Major Freeways: Nestled adjacent to the 405, 170, and 101 freeways, the property facilitates effortless commuting throughout the greater Los Angeles area.
  • Convenient to Hollywood Burbank Airport: Frequent travelers will appreciate the property's close proximity to Hollywood Burbank Airport, streamlining air travel logistics.
  • Abundance of Local Amenities: Enriching the quality of life for residents, the surrounding area boasts a plethora of eateries, coffee shops, and entertainment options, ensuring a vibrant and dynamic community experience.

Exclusively Listed By

Financing By

Multifamily

13907 Vanowen St

Listing Price: $5,300,000

Cap Rate
4.83%
Number of Units
25
GRM
11.66
Price/Unit
$212,000
Price/Gross SF
$344.67
Gross SF
15,377

Investment Highlights

  • 25 Units, Timeless Construction: With a rich history dating back to 1972, this apartment complex boasts enduring structural integrity and charm.
  • Catering to various lifestyles, the property offers (5) inviting studio units, (18) one-bedroom, one-bathroom retreats, and (2) generously appointed two-bedroom, one-bathroom residences.
  • LADBS Soft-Story Retrofit: Has been completed and building is in compliance.
  • Secure On-Site Parking: There are 36 onsite secured parking spaces.
  • Prime Proximity to Major Freeways: Nestled adjacent to the 405, 170, and 101 freeways, the property facilitates effortless commuting throughout the greater Los Angeles area.
  • Convenient to Hollywood Burbank Airport: Frequent travelers will appreciate the property's close proximity to Hollywood Burbank Airport, streamlining air travel logistics.
  • Abundance of Local Amenities: Enriching the quality of life for residents, the surrounding area boasts a plethora of eateries, coffee shops, and entertainment options, ensuring a vibrant and dynamic community experience.

Investment Overview

Marcus & Millichap is excited to present a remarkable investment opportunity at 13907 Vanowen St, a 25-unit apartment complex nestled in the heart of Van Nuys, CA. Built in 1972, this expansive property spans 15,377 square feet and sits upon a sprawling 0.55-acre lot. Offering a diverse unit composition, the building showcases (5) charming studio apartments, (18) spacious one-bedroom, one-bathroom units, and (2) generously sized two-bedroom, one-bathroom units. Moreover, it boasts a meticulously maintained collection of both standard and upgraded units, affirming its pride of ownership status. This property’s location is situated in Van Nuys, within the heart of the San Fernando Valley, it graces the corner of the intersection of Ranchito Ave and Vanowen St. This strategic positioning grants residents effortless access to major transportation arteries, including the 405, 170, and 101 freeways, ensuring seamless connectivity to destinations near and far. Moreover, the Hollywood Burbank Airport is just a stone’s throw away, simplifying travel for both leisure and business endeavors.

Exclusively Listed By

Financing By

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