CA > Los Angeles
Los Angeles, CA 91406,15624 Vanowen ST
Los Angeles, CA 91406,15624 Vanowen ST
Los Angeles, CA 91406,15624 Vanowen ST
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Chris & Courtney Cameron

Chris & Courtney Cameron

+1(619) 393-9338
$2,000,000
Est. payment /mo
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-25149

HOA Y/N No

Year Built 1956

Property Sub-Type Apartment

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

Area Vn - Van Nuys

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Garage Description 1.0

Fence None

Pool None

Community Features Sidewalks

View Y/N No

View None

Total Parking Spaces 11

Private Pool No

Building

Lot Description Sprinklers None

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 2234004026

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Casey Picard Keller Williams Realty

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Chris & Courtney Cameron

Chris & Courtney Cameron

+1(619) 393-9338

Agent | Office DRE #02021421 | 01766250

Agent Office DRE #02021421 | 01766250

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15624 Vanowen ST