13825 Vanowen Street

    Los Angeles (City), CA 91405
    • $2,750,000
    • STATUS: Active Under Contract
    • ON SITE: 111 days
    • MLS #: 18390774
    Under Contract
    UPDATED: 150 min ago
    $2,750,000
    • 16
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,793
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present 13825 Vanowen Street, this two-story building contains 10,793 rentable square feet. Even with the possibility to quickly capture market rents since two units are scheduled to be delivered vacant at close of escrow, the remainder of the building features rents that are approximately 36% below market level, allowing the opportunity to continually improve income.Rent growth has been steady in Valley Glen, one of the denser neighborhoods of Van Nuys, near the borders of Valley Village and North Hollywood. Through the third quarter of 2018, average effective rents have increased by 2.7%. Meanwhile, vacancy rates have remained tighter than the Los Angeles Metro average, with Van Nuys only reaching a 2.7% vacancy rate, one of the lowest in the metro area, compared to 36% for Greater Los Angeles.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.teamwasserman.com/homes/87969913

    13825 Vanowen Street Los Angeles (City), CA 91405

    • Price: $2,750,000
    • Status: Active Under Contract
    • Updated: 150 min ago
    • MLS #: 18390774
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    10,793
    SQFT
    $255
    $/SQFT
    1977
    Built
    Neighborhood:
    Van Nuys
    County:
    Los Angeles
    Area:
    Van Nuys
    Property Description
    We are pleased to present 13825 Vanowen Street, this two-story building contains 10,793 rentable square feet. Even with the possibility to quickly capture market rents since two units are scheduled to be delivered vacant at close of escrow, the remainder of the building features rents that are approximately 36% below market level, allowing the opportunity to continually improve income.Rent growth has been steady in Valley Glen, one of the denser neighborhoods of Van Nuys, near the borders of Valley Village and North Hollywood. Through the third quarter of 2018, average effective rents have increased by 2.7%. Meanwhile, vacancy rates have remained tighter than the Los Angeles Metro average, with Van Nuys only reaching a 2.7% vacancy rate, one of the lowest in the metro area, compared to 36% for Greater Los Angeles.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 20

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 16.00 Cooling Type Air Conditioning Entry Level 0 Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 186768.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 192396.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 111176.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Total Annual Op Exp 75592.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Wasserman. Based on information from the California Desert Association of Realtors as of 2019-01-16T23:36:25.343. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Team Wasserman
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    La Quinta CA, 92253