Fully-Occupied, 24 Unit Multi-Family Investment Opportunity

14237 Vanowen Street, Van Nuys, CA

$3,690,000

Price

2.99%

Cap Rate

10,848 sqft

Building Size

Overview
Cap Rate
2.99%
Building Size
10,848 sqft
Lot Area
0.4 acres
GRM
17.463
Year Built
1973
Price Per Sqft
$339.31
Price Per Unit
$153,750
Zoning
R4
Floors
2
Parking Spots
20
Description

Avison Young is pleased to offer to qualified buyers the opportunity to acquire the 100% fee simple interest of 14237 Vanowen Street in the City of Van Nuys, California. This quiet income producing asset is conveniently located close to major California freeways, businesses, schools, retail, and all the abundant amenities within the San Fernando Valley region of Los Angeles County.

This property is currently 100 percent occupied with twenty-four units, two of which are nonconforming units. The unit mix consists of four bachelors and twenty singles. The many amenities include secured entry with intercom access, gated open parking, separately metered units, and an on-site laundry facilities. The offering provides investors a rare opportunity to acquire a two-story generational multifamily asset in one of California’s premier rental markets.

Highlights
  • Potential 11.64 GRM
  • Potential 8.56% Cap Rate
  • Low $153,750 Price/Unit
  • Approximate - 29% Upside In Rents

Location
Gallery