16226 Vanowen Street

Van Nuys, CA 91406

$4,336,500
Last Sold Price
12
Beds
19
Baths
12,207 Sq. Ft.
$355 / Sq. Ft.
12,207
Sq. Ft.
$355
per Sq. Ft.

Description

We are pleased to present a seventeen-unitmultifamily property located in a desirable Lake Balboa/ VanNuys location. Built in 1985, the property is not subject to LA CityRent Control (Still Subject to CA Rent Control AB1482). There is anice unit mix of two-Studios, thirteen one-bedroom/onebathroomunits and two two-bedroom/two-bathroomunits. Located on Vanowen Street, the property provides residents acentral location for easy access to much of the San FernandoValley. The Van Nuys Golf Course, Sepulveda...We are pleased to present a seventeen-unitmultifamily property located in a desirable Lake Balboa/ VanNuys location. Built in 1985, the property is not subject to LA CityRent Control (Still Subject to CA Rent Control AB1482). There is anice unit mix of two-Studios, thirteen one-bedroom/onebathroomunits and two two-bedroom/two-bathroomunits. Located on Vanowen Street, the property provides residents acentral location for easy access to much of the San FernandoValley. The Van Nuys Golf Course, Sepulveda Basin RecreationCenter, and the Van Nuys Airport are some of the notabledestinations nearby. In addition to the desirable location, the property offersresidents central AC & heat, gated entry, central courtyard,covered and open gated parking, and an on-site laundry facility. This opportunity is ideal for an investor looking for a Non LA CityRent Controlled asset in a dense rental market.
  1. Listed by Brett Sanson • DRE #01387480 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 16226 Vanowen Street

Zoning
LAR3
Parcel Number
2233031045
Total Units
17.0
Living Area
12207
Source Living Area
Assessor
Area
Lake Balboa (LKBL)
Vacancy Rate
3%
Lot Size Area
16699

Location

Listing Courtesy of Marcus & Millichap, Brett Sanson, DRE #01387480; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

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LISTING UPDATED: 07/05/2023 10:20 PM

Property Details for 16226 Vanowen Street

StatusSold
MLS #23-246965
Days on Market86
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1985
Lot Size0.38 AC / 16,699 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Brett Sanson, DRE #01387480; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute

Building Information for 16226 Vanowen Street

Stories2Residences-Year Built1985Building Size-Lot Size0.38 AC / 16,699 SF

Payment Calculator

$24,921 per month

30 year fixed, 7.25% Interest

Principal and Interest

$23,666

Property Taxes

$1,255

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16226 Vanowen Street

Community / Development
Community / Development
  • Number Of Units: 17
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Flat
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $333,679
  • Net Operating Income: $192,623.00
  • Gross Income: $342,246
  • Cap Rate: 4.23%
  • Gross Rent Multiplier: $13.29
  • Total Annual Expense: 141055
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3834
  • Lot Size Square Feet: 16699
  • Lot Size Dimensions: 100x167
  • Source Lot Size Dimensions: Assessor
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 19
  • Parking Features: Gated
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-08-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,640.00
  • Unit Actual Rent: $21,314.00
  • Unit Projected Rent: $22,750.00
  • Like Units: 13
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $4,450.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,504.00
  • Unit Actual Rent: $3,008.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $638,963.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $425,973.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $1,064,936.00

Property History for 16226 Vanowen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 16226 Vanowen Street

Taxable ValueLand$434,492Additions$651,742Total$1,086,234
Tax Record2023$15,063 ($1,255 / month)
Home Facts
Total Finished SqFt12,207 SqFtAbove Grade Finished SqFt12,207 SqFtLot Size16,699 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningLAR3CountyLOS ANGELESAPN2233-031-045

Schools near 16226 Vanowen Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Public - K to 12
Rating
School
Distance
Bassett Street Elementary School
PublicK to 5

William Mulholland Middle School
Public6 to 8

Birmingham Community Charter High School
Charter9 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.

Similar Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Brett Sanson, DRE #01387480; Marcus & Millichap, Jeffrey Louks, DRE #00908473

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.