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12717-12719 Vanowen St, Los Angeles, CA 91605
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12717-12719 Vanowen St Los Angeles, CA 91605

$3,500,000 Sold Price as of 08/31/2020
  • 22 Beds
  • 22 Baths
  • -- Sq.Ft.
Sold
$3,500,000 Sold Price as of 08/31/2020 Refinance Your Mortgage
Map preview of 12717-12719 Vanowen St, Los Angeles, CA 91605

Property Overview: 12717-12719 Vanowen St Los Angeles, CA has 22 bedrooms, 22 bathrooms, -- living square feet and 21,870 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Vanowen Collection is an 18-unit value-add opportunity in North Hollywood. The property consists of three buildings on a 22,000 square foot lot. The original two buildings were built in 1955, and the third was added in 1985 by the current ownership and is not subject to Los Angeles Rent Stabilization (RSO). The two older buildings are each comprised of (6) one-bedroom units, and the newer building has (2) one-bedrooms and (4) two bedroom-two bath units. The asset has been owned by the same family for over 40 years, and at under $200,000 per unit, provides an incredible opportunity to add value and increase rents by over 35%. There have been 100% collections through July, and the property will be delivered with two vacancies. The property is located within a Qualified Opportunity Zone (QOZ), offering the possibility of long-term tax savings. The composite shingle roofs for the two older buildings were replaced in 2011, and the newer buildings roof was also replaced that year.

Listed by Kimberly Roberts Stepp | BRE #01251767 | KWSM
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
21,870
HOA Dues
$0/mo
Year built
1955
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
20613934
City
Los Angeles
County
Los Angeles
Time on Site
1209 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 3
  • # of Electric Meters: 18
  • # of Gas Meters: 18
Unit Breakdown 1
  • # of Units: 14
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,169
  • Total Rent: $16,361
  • Pro Forma/Market Rent: $22,330
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,505
  • Total Rent: $6,018
  • Pro Forma/Market Rent: $7,980
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.28
  • Gross Scheduled Income: --
  • Net Operating Income: $146,901
  • Gross Operating Income: $262,587
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 12717-12719 Vanowen St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Carport, Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 2324014014
Location / Neighborhood
Location Information
  • Directions: Corner of Vanowen and Bellaire Ave
View more facts & features

Local Los Angeles Agent

Sale History for 12717-12719 Vanowen St

Last sold for $3,500,000 on August 31st, 2020

  • August, 2020

  • Aug 31, 2020

    Date

    Sold

    CRMLS: 20613934

    $3,500,000

    Price

  • Aug 19, 2020

    Date

    Pending

    CRMLS: 20613934

    $3,595,000

    Price

  • Aug 5, 2020

    Date

    Active

    CRMLS: 20613934

    $3,595,000

    Price

Tax History for 12717-12719 Vanowen St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

12717-12719 Vanowen St sold on August 31, 2020 for 202.1% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 12717-12719 Vanowen St

Detailed summary of property

12717-12719 Vanowen St is a multi family that recently sold in Los Angeles, CA 91605. This multi family property offered 22 bedrooms, 22 bathrooms, roughly -- living square feet, and sits on an approximately 21,870 square foot lot. 12717-12719 Vanowen St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 202.1% higher than the current median priced home. Local homes that are currently for sale include 1833 Benecia Ave, 220 S Poinsettia Pl and 5700 La Mirada Ave. While the average home in Los Angeles, CA is selling in 94 days, 12717-12719 Vanowen St has a days on market of 9 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 12717-12719 Vanowen St Los Angeles, CA 91605 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12717-12719 Vanowen St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

91605 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$850,000
Median List Price/Sq.Ft.
$543
Median Sold Price
$810,000
Median Sold Price/Sq.Ft.
$562
Total Inventory
42
Median Sale to List Price %
101.26%
Avg Days on Market
19
Loan Type
Conventional (65%), FHA (0%), VA (0%), Cash (15%), Other (10%)

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Recently Sold Homes Near 12717-12719 Vanowen St

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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