14849 Vanowen St, Van Nuys, CA 91405
14849 Vanowen St, Van Nuys, CA 91405
14849 Vanowen St, Van Nuys, CA 91405
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$5,395,000
Est. payment /mo
31 Beds
36 Baths
22,010 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 22,010 sqft

Price per Sqft $245

MLS Listing ID 26839105

Bedrooms 31

Year Built 1972

Lot Size 0.704 Acres

Acres 0.7039

Property Sub-Type Multi-Family

Property Description

Having undergone several major upgrades, the property contains full copper plumbing, new vinyl windows, and completed seismic retrofit repairs (Buyer to verify), which all combine to lower both maintenance and utility expenses for a new owner. Despite the fact that the property offers strong immediate cash flow at an 8.98 GRM, the asset also allows an investor to potentially recapture the approximately 30% in rent upside via annual rent increases and natural turnover. In addition to rent collections, the property offers multiple supplemental income streams, including RUBS collections, laundry income, parking income, pet rent, and renter's insurance collections. Potential residents are attracted to the numerous amenities available at the property, including a fitness center, a swimming pool, large quartz countertops, recessed lighting, stainless steel appliances, shaker cabinets, and wood flooring. Located near the intersection of Vanowen Street and Kester Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 405 and 101 Freeways. In addition to many local shops and eateries, several major shopping destinations are located nearby as well, including Costco Wholesale and two separate Targets, all within two miles of the property. The Sherman Oaks Galleria, The Plant Shopping Center, Westfield Fashion Square, and NoHo West are all nearby as well.

Location

State CA

County Los Angeles

Area East Van Nuys

Zoning LAC1.5

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 46.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


Read Less Info
TheMLS (CLAW)
Listed by Marcus & Millichap

Nearby Locations

GET MORE INFORMATION

Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

Name
Phone*
Message