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.