Listed by Northmarq, Northmarq Capital, LLC
$6,500,000
15329 Vose
Details
APN 2222-032-019
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,952
Units 25
Cap Rate 6.07%
NOI $394,567
Occupancy 100%
Pro-Forma Cap Rate 6.99%
Pro-Forma NOI $454,306
Price per SqFt $261
Class C
Year Built 1987
Buildings 1
Stories 2
Lot Size (SqFt) 19,798
Zoning LAR3
Investment Type Value Add
Ownership Fee Simple
Multifamily | 25 Units | $260,000/unit
Marketing description
PRICE ADJUSTMENT- IN PLACE 6.07% CAP FOR NON-RSO
15329 Vose Street is a 24,952 square foot apartment community constructed in 1987. Situated in the Van Nuys neighborhood, the property has a combined unit mix consisting of (2) One-Bed/ One-Bath units, (1) Townhouse unit, (20) Two-Bed/Two-Bath units, and (2) Two-Bed/Two-Bath balcony units, totaling an average of 944 square feet each. The property is exempt from the City of Los Angeles rent stabilization ordinance (rent control).
Investment highlights
Built in 1987- Not Subject to LA City Rent Control
Excellent Unit Mix- Mostly Two-Bedroom units
First Time on the Market Since 2014
Significant Rental Upside
Listing Contacts
Listed by Northmarq, Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$394,567.00
$32,880.58/mo
Valuation Metrics
0
DSCR
6.07%
Cap Rate
6.07%
ROI
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