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Key Details
Sold Price $2,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-21290
Sold Date 05/02/25
HOA Y/N No
Year Built 1955
Lot Size 0.295 Acres
Property Description
Located on Vanowen Street in Van Nuys, CA this two parcel [(14306 Vanowen : APN# 2237-004-038) and 14310 Vanowen : APN# 2237-004-039)] investment opportunity is a twelve unit apartment complex offering (4) - 2 bed / 1 bath and (8) - 1 bed / 1 bath units. Situated behind upgraded security gates, this property offers a clean investment opportunity that has +/-68% upside in rental potential. The properties have been upgraded with new double paned windows as well as copper plumbing (buyer to verify). Furthermore, the property does not require seismic retrofit due to the covered parking at the rear portion of the property. A savvy investor may investigate the opportunity to construct ADU's at the rear portion of the property for additional value-added investment stewardship.
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
Parking Features Detached Carport
Fence Wrought Iron
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 12
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2237004038
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Akash Saini • Keller Williams Realty-Studio City