Marcus & Millichap is pleased to present a six unit multifamily property located in Van Nuys, California. Situated at 14741 Vanowen
Street, in between Kester Avenue and Van Nuys Boulevard, the property is well positioned in the heart of Van Nuys.
Van Nuys is a very desirable market that is adjacent to Valley Glen and Lake Balboa. Positioned in the heart of the San Fernando
Valley, the area is perfect for individuals seeking a vibrant setting north of the 101 while still maintaining a reasonable commute to
West Los Angeles and Downtown. The city offers numerous entertainment destinations, mostly notably the Japanese Garden,
Dreamscape, and Sepulveda Boulevard, which offers some of the best shopping and dining in the city. The subject property is also
a couple blocks away from the 405 Freeway, which offers easy accessibility to nearby cities.
Constructed in 1957, the property sits in a strong rental pocket and has a good unit mix of four (4) one bedroom/ one bathroom
units and two (2) two bedroom/ one bathroom units. Tenants enjoy having spacious units, easy access to local entertainment, and
a quick drive to commuting routes. Furthermore, the property is situated in an Opportunity Zone.
Well positioned in a good Van Nuys location, the subject property offers dominant access to numerous entertainment possibilities,
which presents a special opportunity for an investor to capitalize on tremendous upside.
