14306-14310 Vanowen St - Apartments FOR SALE


Van Nuys, CA 91405
$2,200,000 USD
626-376-9224
14306-14310 Vanowen St, Van Nuys, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/9
null | 5.09% Cap Rate

14306-14310 Vanowen St
Van Nuys, CA 91405


HIGHLIGHTS

  • Two parcel investment opportunity with a great unit mix of (4) - 2 bed / 1 bath and (8) - 1 bed / 1 bath units
  • Opportunity to add ADU's to the property (buyer to verify)
  • On-site laundry income for additional income
  • Huge rental upside of ±68%
  • Upgraded double paned windows, stucco, and copper plumbing (buyer to verify)

OVERVIEW

Located on Vanowen Street in Van Nuys, CA this two parcel investment opportunity is a twelve unit apartment complex offering (4) - 2 bed / 1 bath and (8) - 1 bed / 1 bath units. Situated behind upgraded security gates, this property offers a clean investment opportunity that has ±68% upside in rental potential. The properties have been upgraded with new double paned windows as well as copper plumbing (buyer to verify). Furthermore, the property does not require seismic retrofit due to the covered parking at the rear portion of the property. A savvy investor may investigate the opportunity to construct ADU's at the rear portion of the property for additional value-added investment stewardship.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

5.09%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,968 SF

ZONING

R3-3, Los Angeles

APN/PARCEL ID

2237-004-038,2237-004-039

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

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Casey PicardKW CommercialMore Info
626-376-9224

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