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An opportunity to acquire 14737 Vanowen Street, a 6- unit value-add opportunity located in the Van Nuys Submarket of the San Fernando Valley. 14737 Vanowen was built in 1957, is subject to Los Angeles Rent Control ("RSO") and offers resilient in-place cash flow with upside potential with additional capital outlay. Current rents are approximately 18% below market providing a buyer the opportunity to achieve market rents through strategic interior and faade enhancements. The property has been under the same ownership for the past 20+ years and has been well maintained. Ownership has made necessary upgrades to buildings systems over the years and modestly upgraded units upon turnover. Thus, leaving cosmetic upgrades for a subsequent buyer to upgrade the building to the taste of the modern-day renter. 14737 Vanowen features a unique unit mix and is comprised of (4) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units. The building is situated on a 6,401 square foot parcel and is comprised of a (1) two-story walk-up building with a detached carport structure in the rear of the property. Additional community amenities included one shared laundry facility with (1washers/1 dryers).
Property Type(s):
Residential Income
| Last Updated | 2/24/2025 | Year Built | 1957 |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| GARAGE | Detached Carport |
|---|---|
| HEAT | None |
| LOT | 6403 sq ft |
| PARKING | Detached Carport |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with NorthMarq Realty Services, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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