15919 Vanowen Street

    Los Angeles (City), CA 91406
    • $1,770,000
    • STATUS: Active
    • ON SITE: 65 days
    • ID#: 19499418
    UPDATED: 27 min ago
    $1,770,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,450
      SQFT
    • $274
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Price Reduced and unit 5 became vacant, projected at $1800, decreases the GRM to 14.22.15919 Vanowen is a great income producing 9-unit apartment building, located near Lake Balboa in Van Nuys. The property has a total of 6,450 gross rentable square feet situated on an 8,517 square foot lot. Boasting a total of 12 bedrooms and 9 bathrooms with a notable unit mix of (3) 2+1's and (6) 1+1's. Huge value add opportunity with over 40% upside in rents. Amenities includes covered parking for tenants and on-site laundry for extra income. Easy access to the 405 and major Metro public transportation stops. Units are separately metered for gas and electricity. The Seller will be completing a 1031 Exchange and Buyer to cooperate at no cost or liability to Buyer. Soft-Story Retrofit has already been paid for by the Seller and the work is set to begin 8/20/19.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T20:41:31.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/97915725

    15919 Vanowen Street Los Angeles (City), CA 91406

    • Price: $1,770,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 19499418
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,450
    SQFT
    $274
    $/SQFT
    1962
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    Price Reduced and unit 5 became vacant, projected at $1800, decreases the GRM to 14.22.15919 Vanowen is a great income producing 9-unit apartment building, located near Lake Balboa in Van Nuys. The property has a total of 6,450 gross rentable square feet situated on an 8,517 square foot lot. Boasting a total of 12 bedrooms and 9 bathrooms with a notable unit mix of (3) 2+1's and (6) 1+1's. Huge value add opportunity with over 40% upside in rents. Amenities includes covered parking for tenants and on-site laundry for extra income. Easy access to the 405 and major Metro public transportation stops. Units are separately metered for gas and electricity. The Seller will be completing a 1031 Exchange and Buyer to cooperate at no cost or liability to Buyer. Soft-Story Retrofit has already been paid for by the Seller and the work is set to begin 8/20/19.
    Exterior Features

    Lot Size Units Square Feet Parking Features Covered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features Washer Included

    Property Features

    Cap Rate 4.23 Gross Multiplier 14.22 Gross Operating Income 119400.00 Improvements Amount 148724 Land Value 327785 Laundry YN Yes Net Operating Income 70134.00 Special Listing Conditions Standard Total Expenses 44490.00 Zoning Lar3

    Listing provided courtesy of Chase Simonton of Keller Williams-Santa Monica and Jason Flashman of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T20:41:31.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003