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15405 Vanowen St 30 Unit Apartment Building $5,350,000 ($178,333/Unit) 5.68% Cap Rate Van Nuys, CA 91406

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EXECUTIVE SUMMARY

Welcome to 15405 Vanowen: A 30-unit apartment complex nestled in the heart of Van Nuys, one of Los Angeles' bustling rental hotspots.
Conveniently situated near the 101 and 405 Freeways, our property provides tenants with swift access to work and school, making it an ideal choice for the on-the-go lifestyle.
Our remarkable property boasts a range of enticing amenities, including a secure gated entrance, rear parking for your peace of mind, and a refreshing pool for those scorching summer days.
With a unit mix primarily comprised of 1-bedroom apartments, our community is home to long-term tenants who have cherished their residence for years, offering new owners considerable potential for rental growth. Join us at 15405 Vanowen, where comfort and opportunity unite.

15405 Vanowen St_compressed

PROPERTY FACTS

Price	$5,350,000	Apartment Style	Low-Rise
Price Per Unit	$178,333	Building Class	C
Sale Type	Investment	Lot Size	0.53 AC
Cap Rate	5.68%	Building Size	19,532 SF
Sale Condition	1031 Exchange	Average Occupancy	100%
Gross Rent Multiplier	10.46	No. Stories	2
No. Units	30	Year Built	1960
Property Type	Multifamily	Parking Ratio	1.02/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3, Los Angeles

Price	$5,350,000
Price Per Unit	$178,333
Sale Type	Investment
Cap Rate	5.68%
Sale Condition	1031 Exchange
Gross Rent Multiplier	10.46
No. Units	30
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.53 AC
Building Size	19,532 SF
Average Occupancy	100%
No. Stories	2
Year Built	1960
Parking Ratio	1.02/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3, Los Angeles