15352 Vanowen Street

  • Los Angeles

  • $3,310,000
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Residential Income Details

Description
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.
Essential
MLS #18335012
Price$3,310,000
Number of Units18
Sale TypeStandard
StatusPending
Listing BrokerageMarcus & Millichap
Listing AgentRoderick 'Rick' Raymundo
Listing Agent BRE #01357019
Interior
Exterior
ParkingCarport
Community
AreaVN - Van Nuys
Address15352 Vanowen Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode91406
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 21, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.