Multifamily

12631 Vanowen St

12631 Vanowen St, North Hollywood, CA 91605

Listing Price: $2,350,000

Cap Rate
4.25%
Number of Units
10
GRM
12.62
Occupancy
97.0%
Price/Unit
$235,000
Price/Gross SF
$217.75
Gross SF
10,792

Investment Overview

Marcus & Millichap is pleased to exclusively list 12631 Vanowen St. The property is located in a very desirable North Hollywood/Valley Glen Location. Built in 1961, the property consists of very large and spacious units. There are Three One Bedroom/One Baths (approx. 800 SF), Five Two/Bedroom/Two Bath Units (approx. 1,100 SF) and Two Three Bedroom/Two Bath Units (approx. 1,200 SF). This property is subject to LA City Rent Control.

The onsite amenities include a pool, intercom entrance, gated covered parking, and on on-site laundry facility.

Residents benefit from the convenient and desirable location of North Hollywood and Valley Glen. With a "Very Walkable" Walk Score of 76, residents are within walking distance to some local shops and restaurants. Los Angeles Valley College, James Madison Middle School, Bob Hope Airport and Coldwater Canyon Elementary are all close by. Easy access to 170 Freeway is close by which can also connect residents with the 101, 5 and 405 Freeways.

This is a great opportunity to own a well located building with very large units and significant upside in the rents.

***Property is currently on the LA City Soft Story Retrofitting List, however owner expects the property to be removed from the list in a short period of time. Please contact Listing Agent for details.***

Investment Highlights

  • Very Spacious Units
  • Low Price Per Foot of $218 Per SF
  • Excellent Unit Mix of Large One, Two and Three Bedroom Units
  • Intercom Entrance, Gated Parking and Pool
  • Large 13,649 SF Lot Zoned LAR3
  • Desirable North Hollywood/Valley Glen Location

Exclusively Listed By

Listing Price: $2,350,000

Cap Rate
4.25%
Number of Units
10
GRM
12.62
Occupancy
97.0%
Price/Unit
$235,000
Price/Gross SF
$217.75
Gross SF
10,792

Investment Highlights

  • Very Spacious Units
  • Low Price Per Foot of $218 Per SF
  • Excellent Unit Mix of Large One, Two and Three Bedroom Units
  • Intercom Entrance, Gated Parking and Pool
  • Large 13,649 SF Lot Zoned LAR3
  • Desirable North Hollywood/Valley Glen Location

Investment Overview

Marcus & Millichap is pleased to exclusively list 12631 Vanowen St. The property is located in a very desirable North Hollywood/Valley Glen Location. Built in 1961, the property consists of very large and spacious units. There are Three One Bedroom/One Baths (approx. 800 SF), Five Two/Bedroom/Two Bath Units (approx. 1,100 SF) and Two Three Bedroom/Two Bath Units (approx. 1,200 SF). This property is subject to LA City Rent Control.

The onsite amenities include a pool, intercom entrance, gated covered parking, and on on-site laundry facility.

Residents benefit from the convenient and desirable location of North Hollywood and Valley Glen. With a "Very Walkable" Walk Score of 76, residents are within walking distance to some local shops and restaurants. Los Angeles Valley College, James Madison Middle School, Bob Hope Airport and Coldwater Canyon Elementary are all close by. Easy access to 170 Freeway is close by which can also connect residents with the 101, 5 and 405 Freeways.

This is a great opportunity to own a well located building with very large units and significant upside in the rents.

***Property is currently on the LA City Soft Story Retrofitting List, however owner expects the property to be removed from the list in a short period of time. Please contact Listing Agent for details.***

Exclusively Listed By

MM Texture Background
MM Textured Background Lower