15624 Vanowen St

Van Nuys, CA 91406

$2,000,000
Price
8
Beds
—
Baths
6,870 Sq. Ft.
$291 / Sq. Ft.
6,870
Sq. Ft.
$291
per Sq. Ft.
an aerial view of residential houses and street view
a front view of a house with barbeque area
a view of a street with cars
a view of empty room with wooden floor
a view of an empty room and window
a kitchen with granite countertop a sink cabinets and stainless steel appliances
a bathroom with a sink and mirror
a view of a house with a yard
a view of a house with a yard
a view of a house with a barbeque and large trees
a view of house with yard outdoor seating and covered with trees
an aerial view of a building with street view
a view of a city

Description

This property in Van Nuys, California, presents a prime value-add investment opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,308. The four vacant units have been fully remodeled and are rent ready. In addition, a buyer may elect to build up to eight ADU's (Buyer to verify). The property includes two single-family...This property in Van Nuys, California, presents a prime value-add investment opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet. Currently, there are four vacant units that will be generating a monthly income of $16,308. The four vacant units have been fully remodeled and are rent ready. In addition, a buyer may elect to build up to eight ADU's (Buyer to verify). The property includes two single-family homes alongside the six-unit apartment complex. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.
  1. Listed by Casey Picard • DRE #01921866 • Brokerage DRE #01444805 • Keller Williams Realty

Property Details for 15624 Vanowen Street

View
None
Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
8.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
LISTING UPDATED: 12/09/2025 06:39 AM

Property Details for 15624 Vanowen Street

StatusActive
MLS #P1-25149
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1956
Lot Size0.47 AC / 20,650 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Casey Picard, DRE #01921866
Add your commute

Building Information for 15624 Vanowen Street

Stories-Residences-Year Built1956Building Size-Lot Size0.47 AC / 20,650 SF

Payment Calculator

$11,075 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,883

Property Taxes

$1,192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15624 Vanowen Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $196,500
  • Gross Scheduled Income: $195,700
  • Net Operating Income: $132,559
  • Gross Multiplier: 10.22
  • Cap Rate: 6.63
Expense Details
  • Operating Expense: $60,026
  • New Taxes Expense: $25,573
  • Fuel Expense: $0
  • Pest Control Expense: $900
  • Electric Expense: $0
  • Insurance Expense: $8,000
  • Maintenance Expense: $6,000
  • Professional Management Expense: $0
  • Other Expense: $2,000
  • Other Expense Description: Reserves & Replacements
  • Trash Expense: $6,984
  • Water Sewer Expense: $8,170
  • Total Expenses: $60,026
Tax / Assessment Info
  • Tax Tract: 1000
  • Tax Tract Number: 1277.11
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: None
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Fence: No
  • Fencing: None
  • Pool Features: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Sprinklers None
  • Land Lease: No
  • Sprinklers: No
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,047
  • Unit Type Total Rent: $8,189
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,775
  • Unit Type Total Rent: $3,550
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,081
  • Unit Type Total Rent: $2,081
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
  • Unit Type Description: 3 Bed / 1 Bath SFR
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,488
  • Unit Type Total Rent: $2,488
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 4
  • Unit Type Description: 2 Bed / 1 Bath SFR
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 15624 Vanowen Street

DateEvent & SourcePriceAppreciation
Dec 9, 2025

Listed (Active)

CRMLS #P1-25149

$2,000,000—
Jun 4, 2025

Listed (Active)

CRMLS #P1-22597

$2,300,000—
Jun 4, 2025

Listed (Active)

CRMLS #P1-22596

$2,300,000—
Oct 25, 2004

Sold (Public Record)

Public Record #144814212

$760,000—
DateEvent & SourcePrice
12/09/2025

Listed (Active)

CRMLS #P1-25149

$2,000,000
06/04/2025

Listed (Active)

CRMLS #P1-22597

$2,300,000
06/04/2025

Listed (Active)

CRMLS #P1-22596

$2,300,000
10/25/2004

Sold (Public Record)

Public Record #144814212

$760,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15624 Vanowen Street

Taxable ValueLand$780,584Additions$278,771Total$1,059,355
Tax Record2025$14,309 ($1,192 / month)
Home Facts
Total Finished SqFt6,870 SqFtAbove Grade Finished SqFt6,870 SqFtLot Size20,648 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN2234-004-026

Schools near 15624 Vanowen Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Bassett Street Elementary School
Public - K to 5
Robert Fulton College Preparatory School
Public - 6 to 12
Birmingham Community Charter High School
Charter - 9 to 12
Van Nuys Senior High School
Public - 9 to 12
Rating
School
Distance
Bassett Street Elementary School
PublicK to 5

Robert Fulton College Preparatory School
Public6 to 12

Birmingham Community Charter High School
Charter9 to 12

Van Nuys Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15624 Vanowen Street, Van Nuys, CA 91406

15624 Vanowen Street is a multi-family home for sale in Van Nuys, CA 91406. This property was listed for sale on December 9, 2025 by Keller Williams Realty, it's currently listed at $2,000,000. It has been on the market for a total of 13 days and was last sold on October 25, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Bassett Street Elementary School, Robert Fulton College Preparatory School and Birmingham Community Charter High School. 15624 Vanowen Street is a 8-bed, 0-bath, 6,870 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Casey Picard, DRE #01921866

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.