15022 Vanowen
Multifamily | 24 Units | $222,917/unit
Marketing description
PRICE ADJUSTMENT- SELLER MOTIVATED!
15022 Vanowen St is a 23,782 square foot apartment community constructed in 1971. Situated in the Van Nuys neighborhood, the property has a combined unit mix consisting of (4) One-Bed/ One-Bath units, (13) Two-Bed/One-Bath units, and (7) Two-Bed/Two-Bath units, totaling an average of 881 square feet each. The subject property is located within a vibrant neighborhood located in the San Fernando Valley region of Los Angeles, California. Originally settled in the early 20th century, Van Nuys has evolved into a dynamic community characterized by its bustling economy and accessibility. From thriving immigrant communities to long-established residents, Van Nuys is a vast multicultural hub. This community offers major accessibility via the 405 freeway, Victory Blvd., Sherman Way, Sepulveda Blvd., and Van Nuys Blvd., which make Van Nuys an attractive destination for businesses seeking connectivity and logistical advantages.
Investment highlights
Excellent Unit Mix Consisting of Mostly Two Bedroom Units
Electrical Sub-Panels, Plumbing, Roof, and Some Unit Upgrades have been completed (Buyer to verify)
Significant Rental Upside. Property is being offered at only $235/SF with a market cap rate up to 7.7%
Two Units Currently Vacant
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