13253 Vanowen St - Apartments FOR SALE


North Hollywood, CA 91605
$3,675,000 USD
213-215-2632
13253 Vanowen St, North Hollywood, CA for Sale
$3,675,000 USD
Apartments - FOR SALE
1/6
null | 6.28% Cap Rate

13253 Vanowen St
North Hollywood, CA 91605


HIGHLIGHTS

  • Non-RSO Building Built in 1984
  • Next rent increase to add (2025)
  • 2 Recent move-in at $1,975 1-Bdr
  • Strong Value-add Potential w/ ~15 Rental Upside
  • Valley Glen Sub-market
  • 1 Bedroom & 2 Bedroom Unit Mix

OVERVIEW

13253 Vanowen St offers Investors a true value-add investment opportunity in a strong submarket of SFV, Valley Glen. With a list price at $3,675,000, this property consists of 17 units across 11,368 square feet, situated on a 13,652 square foot lot. Built in 1984, the building is not subject to city of Los Angeles Rent Control, Non-RSO. The building features 17 covered parking spaces, several balconied units, laundry facilities, and gated access for security. Utility systems are separately metered for both gas and electric, master metered for water. Priced at 6.3% CAP rate, the current rental income offers approximately 15% rental upside from market rents, underscoring the value proposition and attractiveness for investors seeking stability coupled with modest growth potential. Valley Glen has demonstrated resilient fundamental demand drivers during tough economic periods by offering convenient access to essential amenities, entertainment venues, and transportation hubs, 13253 Vanowen St provides residents convenience and comfort, ensuring high occupancy rates for any Investors.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

17

PRICE/UNIT

$216,176

CAP RATE

6.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,652 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2327-007-110

ASK ABOUT THIS PROPERTY

Dan BairdSVN | Rich Investment Real Estate PartnersMore Info
213-215-2632

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Dan BairdSVN | Rich Investment Real Estate PartnersMore Info
213-215-2632

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