Located on Vanowen Street in Van Nuys, CA this two parcel [(14306 Vanowen : APN# 2237-004-038) and 14310 Vanowen : APN# 2237-004-039)] investment opportunity is a twelve unit apartment complex offering (4) - 2 bed / 1 bath and (8) - 1 bed / 1 bath units. Situated behind upgraded security gates, this property offers a clean investment opportunity that has +/-68% upside in rental potential. The properties have been upgraded with new double paned windows as well as copper plumbing (buyer to verify). Furthermore, the property does not require seismic retrofit due to the covered parking at the rear portion of the property. A savvy investor may investigate the opportunity to construct ADU's at the rear portion of the property for additional value-added investment stewardship.
MLS# | P1-21290 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1955 |
Days On Site | 43 |
Listing Provided By | Keller Williams Realty (626) 204-3300 | Casey Picard |
SQ Feet | 8,205 |
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Car Port | Yes |
Story(s) | 2 |
Units | 12 |
Building(s) | 2 |
Zoning | LAR3 |
Acreage | 0.29 |
Property View | None |
State | CA |
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County | Los Angeles |
City | Van Nuys |
Zip Code | 91405 |
Area | VN Van Nuys |
Community Name | Not Applicable |
Listing VS Median (in Not Applicable) | |
Price: $2,200,000 low | high Med: $110,000 SqFt: 8,205 low | high Med: 24,176 $ / SqFt: $268 low | high Med: $53 On site: 43 low | high Med: 183.500000 |