16609 Vanowen Street

    Los Angeles (City), CA 91406
    • $3,650,000
    • STATUS: Active
    • ON SITE: 177 days
    • ID#: 18379976
    UPDATED: 9 min ago
    $3,650,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,608
      SQFT
    • $268
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Josh++G++G+-Luchs++G++G+-of CBRE is pleased to present for sale, a 20-unit multifamily building located at 16609 Vanowen++G++G+-St. in Lake Balboa. Constructed in 1973, the ++G++G+-13,608++G++G+-square foot property is situated on a ++G++G+-19,139 square foot lot. It's located just North++G++G+-of++G++G+-Vanowen, between Hayvenhurst and Balboa.The building consists of three Singles, fifteen++G++G+-1BD/1BA units, and two 2BD/1.5BA units.The property benefits from a central location that's minutes from the Van Nuys Golf Course, The Japanese Gardens, and the Sherman Oaks Galleria.Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/86940220

    16609 Vanowen Street Los Angeles (City), CA 91406

    • Price: $3,650,000
    • Status: Active
    • Updated: 9 min ago
    • ID#: 18379976
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    13,608
    SQFT
    $268
    $/SQFT
    1973
    Built
    Neighborhood:
    LKBL - Lake Balboa
    County:
    Los Angeles
    Area:
    LKBL - Lake Balboa
    Property Description
    Josh++G++G+-Luchs++G++G+-of CBRE is pleased to present for sale, a 20-unit multifamily building located at 16609 Vanowen++G++G+-St. in Lake Balboa. Constructed in 1973, the ++G++G+-13,608++G++G+-square foot property is situated on a ++G++G+-19,139 square foot lot. It's located just North++G++G+-of++G++G+-Vanowen, between Hayvenhurst and Balboa.The building consists of three Singles, fifteen++G++G+-1BD/1BA units, and two 2BD/1.5BA units.The property benefits from a central location that's minutes from the Van Nuys Golf Course, The Japanese Gardens, and the Sherman Oaks Galleria.Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.28 Gross Multiplier 13.73 Gross Operating Income 261261.00 Improvements Amount 1687954 Land Lease YN No Land Value 931999 Laundry YN Yes Net Operating Income 156209.00 Special Listing Conditions Standard Total Expenses 101704.00 Zoning Lard2

    Listing provided courtesy of Joshua Luchs of Cb Richard Ellis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T12:36:35.593. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    Encinitas CA, 92024