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Pine Tree Apartments 15022 Vanowen St 24 Unit Apartment Building $5,600,000 ($233,333/Unit) 5.26% Cap Rate Van Nuys, CA 91405
Investment Highlights
- Convenient Van Nuys Location- Walking Distance to Valley Presbyterian Hospital
- Rental Upside- Currently Two Vacant Units
- Well Maintained Asset- Upgraded Electrical Sub-Panels, Some Units Renovated, Newer Roof and Copper Plumbing (buyer to verify)
- Attractive Metrics- Only $235/SF
Executive Summary
15022 Vanowen Street is a 23,782 square foot apartment community constructed in 1971. Situated in the Van Nuys neighborhood, the property has a combined unit mix consisting of (4) One-Bed/One-Bath units, (13) Two-Bed/One-Bath units, and (7) Two-Bed/Two-Bath units, totaling an average of 881 square feet each.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,600,000 | Building Class | C |
| Price Per Unit | $233,333 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 27,644 SF |
| Cap Rate | 5.26% | Average Occupancy | 92% |
| Gross Rent Multiplier | 9.96 | No. Stories | 2 |
| No. Units | 24 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price | $5,600,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 9.96 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 27,644 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.34/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,385 | 679 |
| 2+1 | 13 | $1,892 | 900 |
| 2+2 | 7 | $1,928 | 950 |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 2235-006-049 | Improvements Assessment | $1,667,168 |
| Land Assessment | $2,500,755 | Total Assessment | $4,167,923 |
Property Taxes
Parcel Number
2235-006-049
Land Assessment
$2,500,755
Improvements Assessment
$1,667,168
Total Assessment
$4,167,923
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Pine Tree Apartments | 15022 Vanowen St
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