13956 Vanowen St - Apartments FOR SALE


Van Nuys, CA 91405
$3,450,000 USD
310-621-8221
13956 Vanowen St, Van Nuys, CA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/38
null | 5.12% Cap Rate

13956 Vanowen St
Van Nuys, CA 91405


HIGHLIGHTS

  • 7.65% Market Cap Rate
  • 15 Units in Van Nuys

OVERVIEW

13956 Vanowen St is a 14,424 square foot apartment community constructed in 1983. Based on the year of construction, the property is exempt from the City of Los Angeles RentStabilization Ordinance, also known as Los Angeles Rent Control. Situated in the Valley Glen neighborhood of Van Nuys in Los Angeles, the property has a combined unit mix consisting of (5) One-Bed/One-Bath units, (7) Two-Bed/Two-Bath units, (1) Two and Half-Bed/ Two-Bath unit, and (2) Three-Bed/Two-Bath unit, totaling an average of 957 square feet each. There is an expired tentative tract map for a condominium conversion and buyer to investigate. The property has been held for the same owners for approximately 30 years. The property is two stories of wood frame and stucco construction over a level of subterranean parking. There are 9 tandem and 9 single parking spaces to accommodate a total of approximately 27 vehicles. The courtyard structure also has a pool to the rear of the property. The property does have a significant amount of deferred maintenance with upgrades needed to the roof, air conditioning units, electrical and several of the balconies. Buyer to investigate and complete all necessary repairs and upgrades at Buyer’s costs after the close of escrow.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

15

PRICE/UNIT

$230,000

CAP RATE

5.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,327 SF

ZONING

LARD1.5

APN/PARCEL ID

2238-006-027

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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