NOT LISTED FOR SALE
9 Beds
8 Baths
6,164 Sq Ft
6,752 Sq Ft Lot

Last Sold October 13, 2021

Last sale price $1,390,000 $226 Per Sq Ft

31 Days on Market

Highlights

  • Laundry Room
  • 7 Detached Carport Spaces
  • Front Yard
  • Van Nuys High School Rated A
  • North Facing Home
  • 2-minute walk to Van Nuys Park and Recreation Center

About This Home

As of October 2021

The Casa Vanowen Apartments were built in 1965, is a two story walk-up with parking, carports and laundry located in the rear of the building. This is the first time since 1969 that this property has been on the market and offers an investor the opportunity to reposition the asset thereby increasing the value significantly. Rents are considerably below market, this offers an investor long term benefit with significant cash flow increases as rents are adjusted upwards. the earthquake retrofit has been completed, rents have been adjusted with the tenants portion included in the income. Seller is currently awaiting approval for this legal increase. Inside with an accepted offer. Do not disturb tenants. They don't know the property is for sale.

Last Agent to Sell the Property

Michael Dixon

NAI Capital, Inc. License #01004121 Listed on: 08/12/2021

NAI Capital, Inc.

Last Buyer's Agent

Michael Dixon

NAI Capital, Inc. License #01004121 Listed on: 08/12/2021

NAI Capital, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,752 Sq Ft Lot
  • North Facing Home
  • Front Yard

Home Design

  • Split Level Home
  • Cosmetic Repairs Needed
  • Asphalt Roof

Interior Spaces

  • 6,164 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 1 Open Parking Space
  • 8 Parking Spaces
  • 7 Detached Carport Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Sewer in Street
  • Cable TV Available

Community Details

  • 8 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 2237-005-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: Yes
  • Living Area: 6164
  • Lot Acreage: 0.1550
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry: Inside
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Equipment: Cable, Garbage Disposal, Hood Fan
  • Price Per S Q F T: 227.13
  • Windows: Mini Blinds

Exterior Features

  • Direction Faces: North
  • Other Structures: Other
  • Paved: Yes
  • Roof: Asphalt

Garage/Parking

  • Carport Spaces: 7
  • Other Spaces: 1
  • Covered Parking: 7
  • Parking Garage: Carport Detached
  • Total Parking: 8

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas
  • Sewer: In Street Paid
  • Water: Meter on Property
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 78.45
  • Assessed Improvement Value: 127985
  • Assessed Land Percent: 21.55
  • Assessed Land Value: 35165
  • Total Assessed Value: 163150
  • Assessor Parcel Number: 2237-005-002
  • Lot Description: Front Yard
  • Lot Size Area: 6752

Rental Info

  • Land Lease Type: Fee
  • Monthly Gross Income: 7379.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 30992
  • Type Of Units: Income
  • Vacancy Rate: 0

Range of Values:

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List 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
10/13/2021 10/13/21 Sold $1,390,000 0.0% $226 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
08/23/2021 08/23/21 Off Market $1,390,000 -- --
08/12/2021 08/12/21 For Sale $1,400,000 -- $227 / 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: 21-774136

The MLS