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About the Listing CLW-X75151 - CLW-C126070
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.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
26839105
Year Built
1972
Total Square Footage
22,010
Lot/Acreage
0.7
County
Los Angeles
Area
VN - Van Nuys
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 46
- Zoning: LAC1.5
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2219019032
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Questions About..
14849 Vanowen St Van Nuys, CA 91405
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