Residential Income Details
We are pleased to present 15352 Vanowen Street, containing 18 apartment units, the property sits on a corner lot with strong visibility along one of the Valley's major thoroughfares. The 13,635 square foot building surrounds a quiet, shaded courtyard, while parking in the front and rear allows space for a total of 18 vehicles.The current owner has completed all required seismic retrofit repairs, securing the building and eliminating a major expense from the future buyer's ownership. A new water heater was also installed last year, while several unit interiors have been upgraded. Select units feature some combination of new wood/tile flooring, new kitchen cabinets, new appliances, and/or new granite countertops, but the opportunity remains for a new investor to apply an interior improvement plan to capture the approximately 34% rent upside. An on-site laundry room provides an additional income stream to benefit the new owner.
|Number of Units||18|
|Listing Brokerage||Marcus & Millichap|
|Listing Agent||Roderick 'Rick' Raymundo|
|Listing Agent BRE #||01357019|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 21, 2018.
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