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Multifamily

11903, 11909, 11913 Vanowen St

11903 Vanowen St, North Hollywood, CA 91605

Listing Price: $4,600,000

Cap Rate
7.01%
Number of Units
24
GRM
9.85
Occupancy
97.0%
Price/Unit
$191,667
Price/Gross SF
$310.01
Gross SF
14,838

Investment Overview

Below please find a detailed list of all upgrades with original estimates/invoices attached in the package.

BALCONY AND WALKWAY RETROFIT- SB 721
* Completed in 2024 for all three structures

ELECTRIAL UPGRADES
Upgrade all three main panels to new 400 amp main panel service
* Install new disconnect panels
* Install 27 new 125 amp Siemens subpanels - 60 Amps
* pull require permits for all upgrades
* All work completed with permit

PAINTING
* All three buildings were painted in May, 2025.
* Repaired all surface cracks, holes, peeling stucco and peeling paint
* Applied stucco with similar texture to stucco repairs on wood siding walls and downspouts and balconies as needed
* Scraped, sanded, caulked, putty wood surfaces as needed
* Painted window casings, doors and door casings, gutters, the entire laundry room

PLUMBING
* Copper plumbing installed and completed in 2015.
* New pressure regulator, pressure relief valve, ball valve and 1” irrigation line
* Re- connected with separate shut off
* Main line serviced and upgraded
* Full faucet replacements
* Earthquake shutoff valves installed
* All work completed with permits

Investment Highlights

  • THREE SEPARATE PARCELS WITH THREE INDIVIDUAL APNs
  • THREE SEPARATE BUILDINGS with EIGHT UNITS IN EACH STRUCTURE COMPOSED OF 4 TWO BEDROOM/ONE BATH AND 4 ONE BEDROOM/ONE BATH APARTMENTS
  • PROPERTY COMPLETELY UPDATED WITH NEW ELECTRICAL, PLUMBING, EXTERIOR PAINT, ALL NEW WINDOWS INSTALLED APPROXIMATELY 4 YEARS AGO
  • ALL NEW WINDOWS ALL BALCONIES AND WALKWAYS RETROFITED PER MEASURE SB721
  • MORE THAN 50% OF UNITS HAVE BEEN FULLY REMODELED
  • LARGE LOT IDEAL FOR FUTURE RE-DEVELOPMENT, ALL THREE PARCELS MEASURING 22, 361 SQUARE FEET
  • GATED AND FENCED FOR PRIVACY AND SECURITY AMPLE PARKING SPACES

Exclusively Listed By

Financing By

Multifamily

11903, 11909, 11913 Vanowen St

Listing Price: $4,600,000

Cap Rate
7.01%
Number of Units
24
GRM
9.85
Occupancy
97.0%
Price/Unit
$191,667
Price/Gross SF
$310.01
Gross SF
14,838

Investment Highlights

  • THREE SEPARATE PARCELS WITH THREE INDIVIDUAL APNs
  • THREE SEPARATE BUILDINGS with EIGHT UNITS IN EACH STRUCTURE COMPOSED OF 4 TWO BEDROOM/ONE BATH AND 4 ONE BEDROOM/ONE BATH APARTMENTS
  • PROPERTY COMPLETELY UPDATED WITH NEW ELECTRICAL, PLUMBING, EXTERIOR PAINT, ALL NEW WINDOWS INSTALLED APPROXIMATELY 4 YEARS AGO
  • ALL NEW WINDOWS ALL BALCONIES AND WALKWAYS RETROFITED PER MEASURE SB721
  • MORE THAN 50% OF UNITS HAVE BEEN FULLY REMODELED
  • LARGE LOT IDEAL FOR FUTURE RE-DEVELOPMENT, ALL THREE PARCELS MEASURING 22, 361 SQUARE FEET
  • GATED AND FENCED FOR PRIVACY AND SECURITY AMPLE PARKING SPACES

Investment Overview

Below please find a detailed list of all upgrades with original estimates/invoices attached in the package. BALCONY AND WALKWAY RETROFIT- SB 721 * Completed in 2024 for all three structures ELECTRIAL UPGRADES Upgrade all three main panels to new 400 amp main panel service * Install new disconnect panels * Install 27 new 125 amp Siemens subpanels - 60 Amps * pull require permits for all upgrades * All work completed with permit PAINTING * All three buildings were painted in May, 2025. * Repaired all surface cracks, holes, peeling stucco and peeling paint * Applied stucco with similar texture to stucco repairs on wood siding walls and downspouts and balconies as needed * Scraped, sanded, caulked, putty wood surfaces as needed * Painted window casings, doors and door casings, gutters, the entire laundry room PLUMBING * Copper plumbing installed and completed in 2015. * New pressure regulator, pressure relief valve, ball valve and 1” irrigation line * Re- connected with separate shut off * Main line serviced and upgraded * Full faucet replacements * Earthquake shutoff valves installed * All work completed with permits

Exclusively Listed By

Financing By

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