13
See all 13 photos
$2,000,000
Est. payment /mo
8 Beds
0.47 Acres Lot
New
15624 Vanowen Street Los Angeles, CA 91406
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-25149
Bedrooms 8
Lot Size 0.474 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This property in Van Nuys, California, presents a prime value-add investment opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,308. The four vacant units have been fully remodeled and are rent ready. In addition, a buyer may elect to build up to eight ADU's (Buyer to verify). The property includes two single-family homes alongside the six-unit apartment complex. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off of the 405 on Vanowen Street
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 2234004026
Acceptable Financing Cash
Listing Terms Cash
Listed by Casey Picard Keller Williams Realty
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