Listed by Equity Union
$1,799,000
15919 Vanowen St.
Details
APN 2224028042
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,450
Net Rentable (SqFt) 6,450
Units 9
Cap Rate 5.1%
NOI $91,681
Pro-Forma Cap Rate 8.18%
Pro-Forma NOI $147,082
Price per SqFt $279
Year Built 1962
Buildings 1
Stories 2
Acreage 0.196
Zoning Assessor
Multifamily | 9 Units | $199,889/unit
Marketing description
We are proud to represent this 9 unit property in Van Nuys. The property was built in 1962. The unit mix consists of (6) 1+1 units and (3) 2+1 units. With a lot size of 8,518 square feet, the property has a total of 6,450 rentable square feet. The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
Investment highlights
Clean 9 unit building in excellent Lake Balboa rental pocket
Excellent unit mix of one and two bedroom units. Numerous upgrades including newer windows and copper plumbing
Units feature dishwashers, built in ovens, cooktops, and tiled kitchens, dining rooms and bathrooms
Tremendous upside in existing rents
On-site laundry and covered parking
Seismic retrofit complete
Listing Contacts
Listed by Equity Union
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,681.00
$7,640.08/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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Tax History
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