$955,000
SOLD MAY 29, 2025
4 Beds
2 Baths
3,349 Sq Ft
8,503 Sq Ft Lot

Recently Sold

$285 Per Sq Ft

2% Below List Price

About This Home

As of May 2025

Located in the heart of Van Nuys, 15840 Vanowen St presents an outstanding value-add investment opportunity in a high-demand rental market. This well-maintained 5-unit property features a diverse unit mix of one single, two 1-bedroom, 1-bath units, and two 2-bedroom, 1-bath units, offering strong tenant appeal. Positioned on a major thoroughfare, the property benefits from excellent visibility and accessibility, making it a prime choice for investors seeking steady rental income and long-term appreciation.The building has been upgraded for durability and efficiency, featuring copper plumbing and a new roof installed in 2022, reducing future maintenance costs. Additionally, it is individually metered for gas and electricity, helping to minimize owner expenses. The property includes on-site parking with storage, a sought-after feature that adds convenience for tenants. With a tremendous rental upside, investors have the opportunity to increase cash flow as the Van Nuys market continues to grow.This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.Strategically located, the property provides easy access to major freeways, including I-405 and US-101, ensuring seamless connectivity to key business hubs and surrounding neighborhoods. Residents will enjoy proximity to essential shopping and transit options, including Van Nuys Costco, Van Nuys Airport, and nearby retail centers. The area's strong rental demand further enhances the property’s investment potential.With its prime location, modern upgrades, and future income growth opportunities, 15840 Vanowen St is a must-see investment for those looking to expand their multifamily portfolio.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/08/2025

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Last Buyer's Agent

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/08/2025

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,257

Year Built

  • Built in 1952

Lot Details

  • 8,503 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,349 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Carport Spaces
  • Parking Available

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1
  • Assessor Parcel Number 2233010007
  • $936 per year additional tax assessments

Community Details

Overview

  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,360
  • Fuel Expense $2,360
  • Gardener Expense $1,500
  • Insurance Expense $3,349
  • Maintenance Expense $3,279
  • Pest Control $900
  • Trash Expense $1,800
  • Water Sewer Expense $2,360
  • New Taxes Expense $12,125
  • Operating Expense $31,033
  • Gross Income $84,504
  • Net Operating Income $50,936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,257

Year Built

Built in 1952

Lot Details

0

Listing Details

  • CapRate: 5.25
  • Price Per Unit: 194000
  • Property Attached: Yes
  • Water Sewer Expenses: 2360.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2233010007
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 285.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8503.00
  • Lot Size Acres: 0.1952

Multi Family

  • Electric Expense: 2360.00
  • Fuel Expense: 2360.00
  • Gross Income: 84504.00
  • Gross Multiplier: 11.48
  • Gross Operating Income: 81969.00
  • Gross Scheduled Income: 84504.00
  • Insurance Expense: 3349.00
  • Lot Size Area: 8503.0000 Square Feet
  • Maintenance Expense: 3279.00
  • Net Operating Income: 50936.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 31033.00
  • Operating Expense Percent: 36.70
  • Rent Control: Yes
  • Total Expenses: 31033.00
  • Vacancy Allowance: 2535
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 12125.00
  • Tax Census Tract: 1276.06
  • Tax Lot: 3
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 936.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
Jun 5, 2025
Sold by
Chakmian Dikran and Chakmian Siranush
Bought by
Fast Fuel Llc
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$970,000
Sold Price
$955,000
Premium/Discount to List
-$15,000
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.20%
Original Mortgage
$540,000
Outstanding Balance
$539,542
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$420,458

Purchase Details

Listed on
Apr 8, 2025
Closed on
May 19, 2025
Sold by
Dj Apartments Llc
Bought by
Chakmian Dikran and Chakmian Siranush
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$970,000
Sold Price
$955,000
Premium/Discount to List
-$15,000
-1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$539,542
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$420,458

Purchase Details

Closed on
Nov 19, 2003
Sold by
Yaghoubian Karen
Bought by
Dj Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,500
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 1995
Sold by
Yaghoubian Karen Ann
Bought by
Dj Apartments

Purchase Details

Closed on
May 16, 1994
Sold by
Omullan Patrick J
Bought by
Yaghoubian Karen Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
8.53%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 1994
Sold by
Yaghoubian Joseph
Bought by
Yaghoubian Karen Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
8.53%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $955,000 Lawyers Title Company
Quit Claim Deed -- Fnt
Quit Claim Deed -- --
Grant Deed $170,000 Old Republic Title Company
Quit Claim Deed -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Previous Owner $4,350,000 Commercial
Previous Owner $372,000 Commercial
Previous Owner $345,000 Commercial
Previous Owner $780,500 Commercial
Previous Owner $262,500 Commercial
Previous Owner $119,000 Commercial
Closed $13,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Sold $955,000 -1.5% $285 / Sq Ft
04/08/2025 04/08/25 For Sale $970,000 -- $290 / 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 $4,257 $282,383 $199,337 $83,046
2024 $4,257 $276,847 $195,429 $81,418
2023 $4,191 $271,420 $191,598 $79,822
2022 $4,029 $266,099 $187,842 $78,257
2021 $3,969 $260,882 $184,159 $76,723
2019 $3,871 $253,147 $178,698 $74,449
2018 $3,742 $248,185 $175,195 $72,990
2016 $3,517 $238,549 $168,393 $70,156
2015 $3,475 $234,967 $165,864 $69,103
2014 $3,520 $230,365 $162,615 $67,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25076834

California Regional Multiple Listing Service (CRMLS)

APN: 2233-010-007