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13959 Vanowen Street

Van Nuys, CA 91405

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$1,450,000

5.05%

11.80

6,767

7,789

1964

10

$135,000

$199

Deal Highlights

  • Sold at 93% of List Price

  • Multiple Offers

  • 1031 Exchange Buyer

Asset Highlights

  • Excellent Unit Mix

  • Dense Rental Pocket of Van Nuys

  • Located Near Many Employers and Eateries

  • Onsite Parking

  • Bright and Spacious Units

Property Description

The subject property is located at 13959 Vanowen Street in between Hazeltine Avenue and Woodman Avenue in the city of Van Nuys. This well maintained and operated rent controlled 10-unit apartment buildings was built in 1964.

 

The unit mix consists of one single, eight one-bedroom/one bathroom units, and one two-bedroom/two bathroom units. Amenities include multiple onsite parking spots and on site laundry services.

 

The subject property is within walking distance to local eateries and shopping centers as well as within minutes of 101 and 405 freeways.

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