14849 Vanowen St, Van Nuys, CA, 91405

USD 5,395,000
For Sale

Property Details

Bedrooms

31

Bathrooms

36

Property Type

Multi-Family

Description

Property Details: • Type: Multi-Family • Bedrooms: 31 • Bathrooms: 36 • Square Feet: 22010 • Lot/Size: 30,651 sqft lot

Description: Having undergone several major upgrades, the property contains full copper plumbing, new vinyl windows, and completed seismic retrofit repairs (Buyer to verify), which all combine to lower both maintenance and utility expenses for a new owner. Despite the fact that the property offers strong immediate cash flow at an 8.98 GRM, the asset also allows an investor to potentially recapture the approximately 30% in rent upside via annual rent increases and natural turnover. In addition to rent collections, the property offers multiple supplemental income streams, including RUBS collections, laundry income, parking income, pet rent, and renter's insurance collections. Potential residents are attra

Location

Address

14849 Vanowen St, Van Nuys, CA, 91405

City

Van Nuys

Features and Finishes

Year Built: 1972; [object Object]; [object Object]; [object Object]

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