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    14019 Vanowen St

    Los Angeles, CA 91405
    • $2,690,000
    • STATUS: Pending
    • ON SITE: 50 days
    • ID#: 20-613166
    Pending
    $2,690,000
    • 3
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,840
      SQFT
    • $343
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    School Ratings & Info

    Description

    We are proud to present this brand new building located at 14019 Vanowen Street in Van Nuys, California. The property sits on 7,009 square feet of land with 7,841 square feet of building area and consists of all townhouse style units with the following unit mix: (1) - 2 bed / 2.5 bath, (1) - 3 bed / 3 bath, (1) -3 bed / 3.5 bath, (1) - 4 bed / 3 bath, and (1)- 4 bed / 3.5 bath units, with the smallest unit being 1,120 sf, largest being 2,027, and an average square footage of 1,621 ft. Furthermore, each unit gets their own private garage parking.The Seller received his Certificate of Occupancy earlier this year and recently completed the lease up all of the units. This building is now 100% occupied. In order to lease up the building quicker, the Seller rented these out slightly below market rents, therefore we are projecting an additional 7.2% upside in rents for the Buyer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T23:42:27.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/108521128
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    14019 Vanowen St Los Angeles, CA 91405

    • Price: $2,690,000
    • Status: Pending
    • ID#: 20-613166
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    7,840
    SQFT
    $343
    $/SQFT
    1951
    Built
    Neighborhood:
    East Van Nuys
    County:
    Los Angeles
    Area:
    East Van Nuys
    Property Description
    We are proud to present this brand new building located at 14019 Vanowen Street in Van Nuys, California. The property sits on 7,009 square feet of land with 7,841 square feet of building area and consists of all townhouse style units with the following unit mix: (1) - 2 bed / 2.5 bath, (1) - 3 bed / 3 bath, (1) -3 bed / 3.5 bath, (1) - 4 bed / 3 bath, and (1)- 4 bed / 3.5 bath units, with the smallest unit being 1,120 sf, largest being 2,027, and an average square footage of 1,621 ft. Furthermore, each unit gets their own private garage parking.The Seller received his Certificate of Occupancy earlier this year and recently completed the lease up all of the units. This building is now 100% occupied. In order to lease up the building quicker, the Seller rented these out slightly below market rents, therefore we are projecting an additional 7.2% upside in rents for the Buyer.
    Exterior Features

    Lot Size Area 7009 Other Structures Other Parking Garage Other Total Parking 10

    Interior Features

    Baths Total 1.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 276215 Gross Income 194400 Gross Operating Income 188568 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 135743.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 52825 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T23:42:27.237. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355