14638 Vanowen St - Apartments FOR SALE


Valley Glen, CA 91405
$2,195,000 USD
818-388-5699
14638 Vanowen St, Valley Glen, CA for Sale
$2,195,000 USD
Apartments - FOR SALE
1/11
null | 5.16% Cap Rate

14638 Vanowen St
Valley Glen, CA 91405


HIGHLIGHTS

  • Prime Location: This property is in an excellent central Van Nuys location right near major retail, educational, and employment opportunities
  • Freeway Access: Close proximity to the 405, 101, and 170 freeways provides seamless connectivity to Downtown LA, Burbank, Sherman Oaks, and more
  • Van Nuys is a rapidly growing submarket with strong rental demand making it a prime location for investors seeking stable occupancy and cash flow
  • Well-served by Metro bus lines and the nearby Van Nuys Metrolink station, offering tenants excellent commuting options.
  • Minutes from shopping centers, grocery stores, and dining options along Van Nuys Blvd, including Target, Starbucks, and multiple eateries
  • Short drive to the Van Nuys Courthouse, Valley Presbyterian Hospital, Lake Balboa Park, and the Sepulveda Basin Recreation Area

OVERVIEW

Metro Realty Center, Inc, is pleased to present the exclusive opportunity to acquire the Tobias Bungalows, a multi-family building comprised of 9 Bungalow units 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. A corner lot with 3 separate parcels, 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 6045 sq. ft. and 17,351 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

$2,195,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

9

PRICE/UNIT

$243,889

CAP RATE

5.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

RD 1.5

APN/PARCEL ID

2236-007-028,2236-007-029,2236-007-030

ASK ABOUT THIS PROPERTY

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

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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.