We are pleased to present a seventeen-unitmultifamily property located in a desirable Lake Balboa/ VanNuys location. Built in 1985, the property is not subject to LA CityRent Control (Still Subject to CA Rent Control AB1482). There is anice unit mix of two-Studios, thirteen one-bedroom/onebathroomunits and two two-bedroom/two-bathroomunits.Located on Vanowen Street, the property provides residents acentral location for easy access to much of the San FernandoValley. The Van Nuys Golf Course, Sepulveda Basin RecreationCenter, and the Van Nuys Airport are some of the notabledestinations nearby.In addition to the desirable location, the property offersresidents central AC & heat, gated entry, central courtyard,covered and open gated parking, and an on-site laundry facility.This opportunity is ideal for an investor looking for a Non LA CityRent Controlled asset in a dense rental market.
- Price:
- $4,550,000
- Bedrooms:
- 12
- Square Footage:
- 12,207
- Acreage:
- 0.38
- Year Built:
- 1985
- Listing ID #:
- 23246965
- Street Address:
- 16226 Vanowen St
- City:
- Van Nuys
- State:
- California
- Postal Code:
- 91406
- County:
- Los Angeles
- Community:
- Lake Balboa
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Approximate Total Liveable Area:
- 12207
- Number Of Units:
- 17
- Stories:
- 2
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 12207
- Year Built:
- 1985
- Year Built Source:
- Assessor
- Gross Income:
- 342246
- Net Operating Income:
- 192623
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Lar3
- Lot Size:
- 16699
- Lot Square Footage:
- 16699
- Days On Market:
- 82
- On Market Date:
- 2023-03-07
- Originating Mls:
- Crmls
- Parking Description:
- Gated
- Parking Spaces:
- 19
- Cooling System:
- Central Air
- Has Central Air Conditioning:
- Yes
- Heating:
- Central
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Agent Brett Sanson with Marcus & Millichap
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