13061 Vanowen St - Apartments FOR SALE


North Hollywood, CA 91605
$5,700,000 USD
818-640-4360
13061 Vanowen St, North Hollywood, CA for Sale
$5,700,000 USD
Apartments - FOR SALE
1/19
null | 6% Cap Rate

13061 Vanowen St
North Hollywood, CA 91605


HIGHLIGHTS

  • 27 units in nice rental pocket of Valley Glen
  • Excellent unit mix consisting of (27) 2+1 units
  • Large spacious units
  • Substantial upside in existing rents
  • Newer windows, copper plumbing, updated electrical
  • Property has a rec room that has ADU potential

OVERVIEW

Equity Union Commercial is proud to represent this 27 unit property in North Hollywood. The property was constructed in 1962. Its unit mix consists of (27) 2+1 units. With a lot size of 24,371 square feet, the property has a total of 24,614 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

27

PRICE/UNIT

$211,111

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

24,015 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2327-025-016

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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