14802 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:

$660,000

2.97%

19.51

2,327

8,002

1946

4

$165,000

$284

Deal Highlights
  • Set Record GRM for 4 Units in Van Nuys Submarket

  • Multiple Offers

  • Potential Redevelopment Opportunity

Asset Highlights
  • Upside in Rents

  • Strong Rental Market of Van Nuys

  • Well-Maintained Building

  • New Copper Plumbing

  • R-3 Development Opportunity

  • New Dual Panel Windows

  • Close to Shopping, Public Transportation, Entertainment,

  • Schools, Major Freeways, and Employment

Property Description

The subject property is located at 14802 Vanowen Street in between Van Nuys Boulevard and Kester Avenue in the city of Van Nuys. This charming well maintained and operated rent controlled four-unit apartment buildings was built in 1946.

 

The unit mix consists of one single, two one-bedroom/one-bathroom units, and one two-bedroom/one bathroom units. Amenities include ample onsite parking spots. The subject property is within walking distance to local eateries and shopping centers as well as within minutes of the 405 and 101 freeways.

THE FRYDMAN GROUP

Commercial Real Estate

Meir Mark Frydman

Managing Director

National Multi Housing Group

National Land Group

  • LinkedIn - White Circle
CONTACT

2701 Ocean Park Blvd#140

Santa Monica, CA 90405

Direct: (310)300-4844

Fax: (818)975-5319

Email: info@frydmangroup.com

www.FrydmanGroup.com

SUBSCRIBE FOR EMAILS

© 2017 by

CAL BRE#01499010