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13015 Vanowen St
North Hollywood, CA 91605
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- True Value-Add
- ADU Potential - Garage Conversion (Buyer to Verify)
- Ample Parking
- Subject to AB1482 (5% + CPI - Rent Increase)
- Great Unit Mix - Studio's , 1's & 2's
EXECUTIVE SUMMARY
Built in 1984, 13015 Vanowen Street is a well-maintained multifamily investment featuring a desirable mix of studios, one-bedroom, and two-bedroom units—appealing to a wide tenant base and supporting strong occupancy. The property offers efficient layouts and clear upside potential through targeted renovations. Investors can also capitalize on the opportunity to convert the (5) single-car garages into ADUs for additional income (Buyer to Verify), while the property’s 10 surface parking spaces provide added tenant convenience. Additionally, the property benefits from AB 1482 rent control, allowing annual rent increases of up to 5% plus CPI, ensuring long-term income stability. Situated on Vanowen Street and Coldwater Canyon Avenue in the San Fernando Valley, the property enjoys a central location in a high-demand rental market with convenient access to shopping, dining, schools, and major transportation corridors including the 405, 101, and 170 freeways. The area continues to experience steady growth, with strong employment hubs and revitalized retail corridors driving demand for quality rental housing. Its strategic location and neighborhood amenities make 13015 Vanowen Street a compelling and enduring investment opportunity.
PROPERTY FACTS Under Contract
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.53% | Building Size | 4,811 SF |
| Gross Rent Multiplier | 11.75 | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 3.12/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,811 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 3.12/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
| 2+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 2327-025-022 | Improvements Assessment | $936,954 |
| Land Assessment | $399,511 | Total Assessment | $1,336,465 |
PROPERTY TAXES
Parcel Number
2327-025-022
Land Assessment
$399,511
Improvements Assessment
$936,954
Total Assessment
$1,336,465
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