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15445 Vanowen St 24 Unit Apartment Building $5,975,000 ($248,958/Unit) 5.18% Cap Rate Van Nuys, CA 91406

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INVESTMENT HIGHLIGHTS

All Electric Meters and panels upgraded in 2025. No Soft Retrofiting is required.Low maintenace

Always 100% occupied. Easy to Rent. High traffic area. 2 Driveway access, from Vanowen & Orion.

EXECUTIVE SUMMARY

All Electric Meters and Main panels upgraded in 2025. No Soft Retrofitting is required.Low maintenance. Always 100% occupied. Easy to Rent. High Traffic area. 2 Drive way access, from Vanowen & Orion. Close to Freeways, schools, shopping. Extra large lot 30,109 SQ FT, Rentable building area is 16,808 SQ FT, Total of 24 Units with great combination consisting of 16 Units of 1 Bedroom, 8 Units of 2 Bedrooms. Additional income from 4 laundry stations, 1 at each building. Several units been upgraded.

OM Final Vanowen

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$426,588	$25.38
Other Income	$3,480	$0.21
Vacancy Loss	-	-
Effective Gross Income	$430,068	$25.59
Taxes	$58,541	$3.48
Operating Expenses	$61,987	$3.69
Total Expenses	$120,528	$7.17
Net Operating Income	$309,540	$18.42

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$426,588
Annual Per SF	$25.38

Other Income
Annual	$3,480
Annual Per SF	$0.21

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$430,068
Annual Per SF	$25.59

Taxes
Annual	$58,541
Annual Per SF	$3.48

Operating Expenses
Annual	$61,987
Annual Per SF	$3.69

Total Expenses
Annual	$120,528
Annual Per SF	$7.17

Net Operating Income
Annual	$309,540
Annual Per SF	$18.42

PROPERTY FACTS

Price	$5,975,000	Building Class	C
Price Per Unit	$248,958	Lot Size	0.69 AC
Sale Type	Investment	Building Size	16,808 SF
Cap Rate	5.18%	Average Occupancy	100%
Sale Condition	1031 Exchange	No. Stories	2
No. Units	24	Year Built	1956
Property Type	Multifamily	Parking Ratio	1.43/1,000 SF
Property Subtype	Apartment Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden
Zoning	R3, Los Angeles

Price	$5,975,000
Price Per Unit	$248,958
Sale Type	Investment
Cap Rate	5.18%
Sale Condition	1031 Exchange
No. Units	24
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.69 AC
Building Size	16,808 SF
Average Occupancy	100%
No. Stories	2
Year Built	1956
Parking Ratio	1.43/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3, Los Angeles

UNIT AMENITIES

Air Conditioning

Heating

Kitchen

SITE AMENITIES

Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	16	-	-
2+1	8	-	-

1 1

Walk Score®

Very Walkable (72)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 2234-025-017 2234-025-019	Total Assessment	$4,700,362 (2025)
Land Assessment	$1,880,144 (2025)	Annual Taxes	$58,541 ($3.48/SF)
Improvements Assessment	$2,820,218 (2025)	Tax Year	2024