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
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Multiple Offers
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Potential Redevelopment Opportunity
Asset Highlights
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Upside in Rents
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Strong Rental Market of Van Nuys
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Well-Maintained Building
-
New Copper Plumbing
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R-3 Development Opportunity
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New Dual Panel Windows
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Close to Shopping, Public Transportation, Entertainment,
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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.