NOT LISTED FOR SALE

13445 Vanowen St van Nuys, CA 91405

21 Beds
12 Baths
7,726 Sq Ft
10,625 Sq Ft Lot

Last Sold October 09, 2024

Last sale price $2,900,000 $375 Per Sq Ft

4 Days on Market

Highlights

  • Laundry Room
  • Turnkey
  • 4-minute walk to Fulton Ave Park
  • Van Nuys High School Rated A

About This Home

As of October 2024

We are proud to present this 9-unit apartment building in Valley Glen. The property has an excellent unit mix consisting of (1) 5+3 unit, (1) 2+2 unit, (2) 3+1 units, (3) 2+1 units, and (2) 1+1 units with a lot size of 10625 square feet, the property has a total of 7726 rentable square feet. The unit composition allows for healthy long term stays and projected lower turnover times. Currently there is 1 vacant unit which is a 5 bed/3bath (featured in photos) ready to be rented out! The complex has been renovated in its entirety from exterior smooth coating, updated windows, to complete unit make overs. The property maintains close access to the 405, 101, and 170 freeways. Ventura Blvd. Just minutes away with all of its restaurants and shopping while the metro link transportation service allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered.

Last Agent to Sell the Property

Collin Johnson

RE/MAX One Brokerage Phone: 818-667-2151 License #01956671 Listed on: 08/01/2024

RE/MAX One

Last Buyer's Agent

Sergey Oganesyan

Sergey Oganesyan License #01484826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • 10,625 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 11 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 7,726 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 21 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 18500
  • Assessor Parcel Number 2328031006
  • $1,484 per year additional tax assessments

Community Details

Overview

  • 9 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 9 Separate Water Meters
  • Electric Expense $11,880
  • Gardener Expense $1,800
  • Insurance Expense $9,410
  • Maintenance Expense $1,800
  • Trash Expense $9,410
  • Operating Expense $54,136
  • Gross Income $310,272
  • Net Operating Income $256,136

Property Details

Home Type

Multi-Family

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

11

Listing Details

  • CapRate: 8.80
  • Property Attached: Yes
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 2328031006
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 375.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 9410.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10625.00
  • Lot Size Acres: 0.2439

Multi Family

  • Electric Expense: 11880.00
  • Gross Income: 310272.00
  • Gross Scheduled Income: 310272.00
  • Insurance Expense: 9410.00
  • Lot Size Area: 10625.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 256136.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9
  • Number Of Units Leased: 3
  • Number Of Units Total: 9
  • Operating Expense: 54136.00
  • Rent Control: Yes
  • Total Expenses: 54136.00

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 18500
  • TaxOtherAnnualAssessmentAmount: 1484.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $2,900,000 +0.2% $375 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
08/01/2024 08/01/24 For Sale $2,895,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,175 $2,900,000 $1,740,000 $1,160,000
2024 $23,175 $1,798,902 $719,560 $1,079,342
2023 $22,746 $1,763,630 $705,451 $1,058,179
2022 $21,730 $1,729,050 $691,619 $1,037,431
2021 $21,442 $1,695,148 $678,058 $1,017,090
2019 $20,827 $1,652,921 $657,948 $994,973
2018 $20,652 $1,620,670 $645,048 $975,622
2016 $9,305 $689,674 $413,805 $275,869
2015 $9,183 $679,316 $407,590 $271,726
2014 $9,243 $666,010 $399,606 $266,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24158738

California Regional Multiple Listing Service (CRMLS)