12635 Vanowen St - Apartments FOR SALE


North Hollywood, CA 91605
$3,695,000 USD
855-525-7654
12635 Vanowen St, North Hollywood, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/18
null | 4.05% Cap Rate

12635 Vanowen St
North Hollywood, CA 91605


HIGHLIGHTS

  • Excellent Investment Opportunity - 74% upside in Rent.
  • All units have private balconies surrounding a large courtyard.
  • Parking Retrofit Completed.
  • Main electrical panel upgraded in 2024.
  • Property is located west of the hollywood fwy , providing excellent commuter access to tenants.

OVERVIEW

A 15-unit Multifamily located in Noho West with a ton of upside (74% in rental income), resulting in a proforma GRM of 8.65 and proforma CAP rate of 8.76%. The property boasts an appealing blend of units, all surrounding a stunning courtyard. Each unit offers spacious living areas and private balconies. In addition, there have been recent upgrades to the main electrical panel and the parking retrofit has been completed.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

15

PRICE/UNIT

$246,333

CAP RATE

4.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

LAR3

APN/PARCEL ID

2324-026-005

ASK ABOUT THIS PROPERTY

David NalbandyanLA Premier RealtyMore Info
855-525-7654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David NalbandyanLA Premier RealtyMore Info
855-525-7654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.