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$1,650,000
Est. payment /mo
8,498 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25094699
HOA Y/N No
Year Built 1958
Lot Size 8,498 Sqft
Property Sub-Type Apartment
Property Description
Located in a high-demand rental market, 16020 Vanowen St offers a rare opportunity to acquire a well-positioned 10-unit multifamily property in the heart of Van Nuys. Featuring a desirable unit mix of ten 1-bedroom, 1-bath units, this asset is ideal for investors seeking steady cash flow with tremendous rental upside. Situated on a major thoroughfare, the property benefits from high visibility, strong tenant demand, and excellent accessibility.
The property has been upgraded for long-term durability, including a new roof installed in 2023 and copper plumbing, ensuring minimal maintenance costs for future ownership. Additionally, the building is individually metered for gas and electricity, reducing owner expenses. On-site parking and laundry facilities add to tenant convenience, while the property's ADU potential presents an exciting value-add opportunity to increase rental income.
Strategically located, 16020 Vanowen St provides easy access to major freeways, including I-405 and US-101, allowing for seamless connectivity throughout Los Angeles. Tenants will appreciate the proximity to key shopping and transit destinations, including Van Nuys Costco, Panorama Mall, Van Nuys DMV, and Van Nuys Airport. With strong demand for well-located rental housing in the area, this property is well-positioned for continued appreciation and future income growth.
With its prime location, essential upgrades, and long-term investment potential, 16020 Vanowen St is an exceptional opportunity for investors looking to expand their multifamily portfolio.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
The property has been upgraded for long-term durability, including a new roof installed in 2023 and copper plumbing, ensuring minimal maintenance costs for future ownership. Additionally, the building is individually metered for gas and electricity, reducing owner expenses. On-site parking and laundry facilities add to tenant convenience, while the property's ADU potential presents an exciting value-add opportunity to increase rental income.
Strategically located, 16020 Vanowen St provides easy access to major freeways, including I-405 and US-101, allowing for seamless connectivity throughout Los Angeles. Tenants will appreciate the proximity to key shopping and transit destinations, including Van Nuys Costco, Panorama Mall, Van Nuys DMV, and Van Nuys Airport. With strong demand for well-located rental housing in the area, this property is well-positioned for continued appreciation and future income growth.
With its prime location, essential upgrades, and long-term investment potential, 16020 Vanowen St is an exceptional opportunity for investors looking to expand their multifamily portfolio.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2233020005
Energy Description 4400.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Listed by James Antonucci • Keller Williams Realty-Studio City • 818-381-6601