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15919 Vanowen St 9 Unit Apartment Building $1,850,000 ($205,556/Unit) 5.60% Cap Rate Van Nuys, CA 91406
Investment Highlights
- Clean 9 unit building in excellent Lake Balboa rental pocket
- Units feature dishwashers, built in ovens, cooktops, and tiled kitchens, dining rooms and bathrooms
- On-site laundry and covered parking
- Excellent unit mix of one and two bedroom units. Numerous upgrades including newer windows and copper plumbing
- Tremendous upside in existing rents
- Seismic retrofit complete
Executive Summary
Equity Union Commercial is proud to represent this 9 unit property in Van Nuys.
The property was built in 1962. The unit mix consists of (6) 1+1 units and (3) 2+1 units. With a lot size of 8,518 square feet, the property has a total of 6,450 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
The property was built in 1962. The unit mix consists of (6) 1+1 units and (3) 2+1 units. With a lot size of 8,518 square feet, the property has a total of 6,450 rentable square feet.
The property is situated in Van Nuys with close access to the 405, 101, and 170 freeways. Ventura Blvd. is just minutes away with all of its restaurants and shopping while the metro link transportations service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,850,000 | Property Subtype | Apartment |
| Price Per Unit | $205,556 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.60% | Lot Size | 0.20 AC |
| Gross Rent Multiplier | 11.28 | Building Size | 6,450 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Zoning | R3 | ||
| Price | $1,850,000 |
| Price Per Unit | $205,556 |
| Sale Type | Investment |
| Cap Rate | 5.60% |
| Gross Rent Multiplier | 11.28 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,450 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2224-028-042 | Improvements Assessment | $994,122 |
| Land Assessment | $662,748 | Total Assessment | $1,656,870 |
Property Taxes
Parcel Number
2224-028-042
Land Assessment
$662,748
Improvements Assessment
$994,122
Total Assessment
$1,656,870
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15919 Vanowen St
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