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$ 5,395,000
Est. payment /mo
New
14849 Vanowen ST Van Nuys, CA 91405
31 Beds
36 Baths
22,010 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 22,010 sqft
Price per Sqft $245
MLS Listing ID 26839105
Bedrooms 31
HOA Y/N No
Year Built 1972
Lot Size 0.704 Acres
Property Description
Having undergone several major upgrades, the property contains full copper plumbing, new vinyl windows, and completed seismic retrofit repairs (Buyer to verify), which all combine to lower both maintenance and utility expenses for a new owner. Despite the fact that the property offers strong immediate cash flow at an 8.98 GRM, the asset also allows an investor to potentially recapture the approximately 30% in rent upside via annual rent increases and natural turnover. In addition to rent collections, the property offers multiple supplemental income streams, including RUBS collections, laundry income, parking income, pet rent, and renter's insurance collections. Potential residents are attracted to the numerous amenities available at the property, including a fitness center, a swimming pool, large quartz countertops, recessed lighting, stainless steel appliances, shaker cabinets, and wood flooring. Located near the intersection of Vanowen Street and Kester Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 405 and 101 Freeways. In addition to many local shops and eateries, several major shopping destinations are located nearby as well, including Costco Wholesale and two separate Targets, all within two miles of the property. The Sherman Oaks Galleria, The Plant Shopping Center, Westfield Fashion Square, and NoHo West are all nearby as well.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAC1.5
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 46
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2219019032
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo Marcus & Millichap #01357019
Kim And Raquel - Good Day Home Team
Agent | License ID: 01165332/370499
+1(661) 373-6597 | kimthurman365@gmail.com