14638-14640 Vanowen St - Apartments FOR SALE


Van Nuys, CA 91405
$1,275,000 USD
818-388-5699
14638-14640 Vanowen St, Van Nuys, CA for Sale
$1,275,000 USD
Apartments - FOR SALE
1/5
null | 6.27% Cap Rate

14638-14640 Vanowen St
Van Nuys, CA 91405


HIGHLIGHTS

  • Low Maintenance Property - Easy Management
  • Huge upside in rent and income, therefore value
  • Great Development Potential
  • 2 Separate Parcels, creative future upside

OVERVIEW

Metro Realty Center, Inc, is pleased to present the exclusive opportunity to acquire the Vanowen Bungalows, a multi-family building comprised of 6 Bungalow units 14638-14644 Vanowen St. all 1 BD/1 BA units ideally located in the heart of Van Nuys, CA. With excellent proximity to shopping, entertainment districts and restaurants. All units have own 1 car garage. 2 separate parcels of 3 units each, great upside potential for long term investment or a fantastic development opportunity for affordable unit utilizing ED1. Buyer to check with the city for details and feasibility. Total size of rental units 4032 sq. ft. and 10,991 sq. ft. corner lot, zoned LARD 1.5. Potential Development can utilize the TOC allowances or the use of ED1 to construct all new affordable units. Great potential.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

6

PRICE/UNIT

$212,500

CAP RATE

6.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vanowen Bungalows

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,198 SF

ZONING

LARD1.5

APN/PARCEL ID

2236-007-028,2236-007-029

ASK ABOUT THIS PROPERTY

Chuck AzzuzMetro Realty Cntr,Inc.More Info
818-388-5699

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

Chuck AzzuzMetro Realty Cntr,Inc.More Info
818-388-5699

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