NOT LISTED FOR SALE
16 Beds
16 Baths
10,793 Sq Ft
0.33 Acres

Last Sold January 02, 2019

Last sale price $2,635,500 $244 Per Sq Ft

98 Days on Market

Highlights

  • 14,558 Sq Ft lot
  • Van Nuys High School Rated A
  • Air Conditioning

About This Home

As of January 2019

We are pleased to present 13825 Vanowen Street, this two-story building contains 10,793 rentable square feet. Even with the possibility to quickly capture market rents since two units are scheduled to be delivered vacant at close of escrow, the remainder of the building features rents that are approximately 36% below market level, allowing the opportunity to continually improve income.Rent growth has been steady in Valley Glen, one of the denser neighborhoods of Van Nuys, near the borders of Valley Village and North Hollywood. Through the third quarter of 2018, average effective rents have increased by 2.7%. Meanwhile, vacancy rates have remained tighter than the Los Angeles Metro average, with Van Nuys only reaching a 2.7% vacancy rate, one of the lowest in the metro area, compared to 36% for Greater Los Angeles.

Last Agent to Sell the Property

Rick Raymundo

Marcus & Millichap License #01357019 Listed on: 09/26/2018

Last Buyer's Agent

Mike Pesci

Keller Williams Studio City License #01274379

Keller Williams Studio City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.33

Interior Spaces

  • 10,793 Sq Ft Home
  • 2-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Parking

  • 20 Parking Spaces
  • Carport

Additional Features

  • 0.33 Acre Lot
  • Air Conditioning

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 2216-021-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10793
  • Stories: 2
  • Year Built: 1977
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 16.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 254.79

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 20

Utilities

  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 693917
  • Assessed Land Value: 381863
  • Assessor Parcel Number: 2216-021-029
  • Geocode Override: No
  • Lot Size Area: 14558

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.29
  • Number Of Units: 14
  • Total Annual Expense: 75592
  • Type Of Units: Residential
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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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 Change Sq Ft Price
08/22/2023 08/22/23 Price Changed $1,575 -6.0% $4 / Sq Ft
08/02/2023 08/02/23 Price Changed $1,675 -5.6% $4 / Sq Ft
07/18/2023 07/18/23 Price Changed $1,775 -2.7% $4 / Sq Ft
07/08/2023 07/08/23 Price Changed $1,825 +4.3% $5 / Sq Ft
06/21/2023 06/21/23 For Rent -- -- --
03/30/2023 03/30/23 Price Changed $1,750 +11.1% $4 / Sq Ft
03/08/2023 03/08/23 For Rent $1,575 0.0% --
01/02/2019 01/02/19 Sold $2,635,500 -4.2% $244 / Sq Ft
09/26/2018 09/26/18 For Sale $2,750,000 -- $255 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-390774

The MLS