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8.98 GRM & $174,032/Unit | Seismic Completed 14849 Vanowen St 31 Unit Apartment Building $5,395,000 ($174,032/Unit) 5.80% Cap Rate Van Nuys, CA 91405
Investment Highlights
- Available at an Attractive 8.98 GRM and Only $174,032 per Unit
- Strong Immediate Cash Flow with Opportunity to Recapture Approximately 30% Rent Upside
- Impressive Amenities Package Includes a Fitness Center and Swimming Pool
- Full Copper Plumbing, All Seismic Retrofit Repairs Completed (Buyer to Verify)
- Ample On-Site Parking — Space for 46 Vehicles
- Deliverable at Only $174,032 per Unit When Similar Properties Have Sold for an Average of $239,322 per Unit
Executive Summary
We are pleased to announce the opportunity to purchase The Seville Apartments, a 31-unit multifamily property located at 14849 Vanowen Street in Van Nuys, CA. Having undergone several major upgrades, the property contains full copper plumbing, new vinyl windows, and completed seismic retrofit repairs (Buyer to verify), which all combine to lower both maintenance and utility expenses for a new owner. Despite the fact that the property offers strong immediate cash flow at an 8.98 GRM, the asset also allows an investor to potentially recapture the approximately 30% in rent upside via annual rent increases and natural turnover.
In addition to rent collections, the property offers multiple supplemental income streams, including RUBS collections, laundry income, parking income, pet rent, and renter’s insurance collections. Potential residents are attracted to the numerous amenities available at the property, including a fitness center, a swimming pool, large quartz countertops, recessed lighting, stainless steel appliances, shaker cabinets, and wood flooring.
Located near the intersection of Vanowen Street and Kester Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 405 and 101 Freeways. In addition to many local shops and eateries, several major shopping destinations are located nearby as well, including Costco Wholesale and two separate Targets, all within two miles of the property. The Sherman Oaks Galleria, The Plant Shopping Center, Westfield Fashion Square, and NoHo West are all nearby as well.
In addition to rent collections, the property offers multiple supplemental income streams, including RUBS collections, laundry income, parking income, pet rent, and renter’s insurance collections. Potential residents are attracted to the numerous amenities available at the property, including a fitness center, a swimming pool, large quartz countertops, recessed lighting, stainless steel appliances, shaker cabinets, and wood flooring.
Located near the intersection of Vanowen Street and Kester Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 405 and 101 Freeways. In addition to many local shops and eateries, several major shopping destinations are located nearby as well, including Costco Wholesale and two separate Targets, all within two miles of the property. The Sherman Oaks Galleria, The Plant Shopping Center, Westfield Fashion Square, and NoHo West are all nearby as well.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,395,000 | Building Class | C |
| Price Per Unit | $174,032 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 22,010 SF |
| Cap Rate | 5.80% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.98 | No. Stories | 2 |
| No. Units | 31 | Year Built | 1972 |
| Property Type | Multifamily | Parking Ratio | 2.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAC1.5 | ||
| Price | $5,395,000 |
| Price Per Unit | $174,032 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 8.98 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 22,010 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAC1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Quartz Countertops
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Gated
- Recycling
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,352 | 400 |
| 1+1 | 21 | $1,487 | 700 |
| 2+2 | 5 | $1,835 | 1,000 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2219-019-032 | Total Assessment | $5,535,989 |
| Land Assessment | $2,216,717 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,319,272 | Tax Year | 2025 |
Property Taxes
Parcel Number
2219-019-032
Land Assessment
$2,216,717
Improvements Assessment
$3,319,272
Total Assessment
$5,535,989
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Street
Map
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Contact the Sale Advisor
8.98 GRM & $174,032/Unit | Seismic Completed | 14849 Vanowen St