15352 Vanowen Street

    Los Angeles (City), CA 91406
    • $3,310,000
    • STATUS: Pending
    • ON SITE: 153 days
    • ID#: 18335012
    Pending
    UPDATED: 6 min ago
    $3,310,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,635
      SQFT
    • $243
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are pleased to present 15352 Vanowen Street, containing 18 apartment units, the property sits on a corner lot with strong visibility along one of the Valley's major thoroughfares. The 13,635 square foot building surrounds a quiet, shaded courtyard, while parking in the front and rear allows space for a total of 18 vehicles.The current owner has completed all required seismic retrofit repairs, securing the building and eliminating a major expense from the future buyer's ownership. A new water heater was also installed last year, while several unit interiors have been upgraded. Select units feature some combination of new wood/tile flooring, new kitchen cabinets, new appliances, and/or new granite countertops, but the opportunity remains for a new investor to apply an interior improvement plan to capture the approximately 34% rent upside. An on-site laundry room provides an additional income stream to benefit the new owner.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T14:32:18.33. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/82741282

    15352 Vanowen Street Los Angeles (City), CA 91406

    • Price: $3,310,000
    • Status: Pending
    • Updated: 6 min ago
    • ID#: 18335012
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    13,635
    SQFT
    $243
    $/SQFT
    1962
    Built
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    We are pleased to present 15352 Vanowen Street, containing 18 apartment units, the property sits on a corner lot with strong visibility along one of the Valley's major thoroughfares. The 13,635 square foot building surrounds a quiet, shaded courtyard, while parking in the front and rear allows space for a total of 18 vehicles.The current owner has completed all required seismic retrofit repairs, securing the building and eliminating a major expense from the future buyer's ownership. A new water heater was also installed last year, while several unit interiors have been upgraded. Select units feature some combination of new wood/tile flooring, new kitchen cabinets, new appliances, and/or new granite countertops, but the opportunity remains for a new investor to apply an interior improvement plan to capture the approximately 34% rent upside. An on-site laundry room provides an additional income stream to benefit the new owner.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.10 Gross Multiplier 13.41 Gross Operating Income 246742.00 Improvements Amount 883119 Land Value 1269847 Laundry YN Yes Net Operating Income 135755.00 Special Listing Conditions Standard Total Expenses 103654.00 Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-20T14:32:18.33. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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