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Fully Upgraded-3 Separate Bldgs in 3 Parcels 11903 Vanowen St 24 Unit Apartment Building $4,600,000 ($191,667/Unit) 7.10% Cap Rate North Hollywood, CA 91605
Executive Summary
THREE SEPARATE PARCELS WITH THREE INDIVIDUAL APNs
THREE SEPARATE BUILDINGS with EIGHT UNITS IN EACH STRUCTURE COMPOSED OF 4 TWO BEDROOM/ONE
BATH AND 4 ONE BEDROOM/ONE BATH APARTMENTS
PROPERTY COMPLETELY UPDATED WITH NEW ELECTRICAL, PLUMBING, EXTERIOR PAINT, ALL NEW
WINDOWS INSTALLED APPROIMATELY 4 YEARS AGO
ALL NEW WINDOWS
ALL BALCONIES AND WALKWAYS RETROFITED PER MEASURE SB721
SEVERAL UNITS FULLY REMODELED
LARGE LOT IDEAL FOR FUTURE RE-DEVELOPMENT, ALL THREE PARCELS MEASURING 22, 361 SQUARE FEET
PROPERTY IDEAL FOR ADDITION OF ADUs
GATED AND FENCED FOR PRIVACY AND SECURITY
AMPLE PARKING SPACES
THREE SEPARATE BUILDINGS with EIGHT UNITS IN EACH STRUCTURE COMPOSED OF 4 TWO BEDROOM/ONE
BATH AND 4 ONE BEDROOM/ONE BATH APARTMENTS
PROPERTY COMPLETELY UPDATED WITH NEW ELECTRICAL, PLUMBING, EXTERIOR PAINT, ALL NEW
WINDOWS INSTALLED APPROIMATELY 4 YEARS AGO
ALL NEW WINDOWS
ALL BALCONIES AND WALKWAYS RETROFITED PER MEASURE SB721
SEVERAL UNITS FULLY REMODELED
LARGE LOT IDEAL FOR FUTURE RE-DEVELOPMENT, ALL THREE PARCELS MEASURING 22, 361 SQUARE FEET
PROPERTY IDEAL FOR ADDITION OF ADUs
GATED AND FENCED FOR PRIVACY AND SECURITY
AMPLE PARKING SPACES
Property Facts
| Price | $4,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $191,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 7.10% | Building Size | 22,386 SF |
| Gross Rent Multiplier | 9.7 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Zoning | R3 | ||
| Price | $4,600,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 22,386 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 850 |
| 2+1 | 12 | - | 1,000 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,047,321 | |
| Land Assessment | $1,945,023 | Total Assessment | $2,992,344 |
Property Taxes
Parcel Numbers
Land Assessment
$1,945,023
Improvements Assessment
$1,047,321
Total Assessment
$2,992,344
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Fully Upgraded-3 Separate Bldgs in 3 Parcels | 11903 Vanowen St
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