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.