13524 Vanowen St, Van Nuys, CA 91405
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13524 Vanowen St Van Nuys, CA 91405

$1,095,000
  • 6 Beds
  • 4 Baths
  • 2,902 Sq.Ft.
For Sale
$1,095,000 Get Pre-Qualified

Map preview of 13524 Vanowen St, Van Nuys, CA 91405

Property Overview: 13524 Vanowen St Van Nuys, CA has 6 bedrooms, 4 bathrooms, 2,902 living square feet and 6,600 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are pleased to present the exclusive listing of 13524 Vanowen Street, a four-unit multifamily building located in Van Nuys. Built in 1955 comprised of (2) one-bedroom, one-bathroom units, and (2) two-bedroom, one-bathroom unit, with a total of 2,902 rentable square feet. The property has had many recent capital improvements, including window replacements in unit #4, repairs to doors, sinks, refrigerators, and laundry facilities in 2022, and a garage roof replacement in the same year. Additionally, floor replacements in unit #2 and kitchen countertops in units #1 and #3 have been completed. With a versatile unit mix, the property offers potential for attracting tenants from different demographics, potentially increasing rental income. The property includes carport parking for each unit. Van Nuys, a neighborhood located in the San Fernando Valley region of Los Angeles, California, near the intersection of Vanowen Street and Woodman Avenue, offers a mix of residential, commercial, and recreational amenities. This area boasts easy access to major transportation routes such as the 405 and 101 freeways, facilitating convenient commuting throughout the Los Angeles metropolitan area. The neighborhood is known for its diverse population and vibrant cultural scene, with various dining, shopping, and entertainment options nearby. Additionally, Van Nuys is home to several parks and green spaces, providing opportunities for outdoor recreation and relaxation. The proximity to schools, healthcare facilities, and other essential services makes it an appealing location for residents seeking convenience and accessibility. Overall, Van Nuys offers a dynamic urban environment with a range of amenities and opportunities for residents. In summary, 13524 Vanowen Street represents an excellent investment opportunity within the thriving community of Van Nuys. With recent capital improvements, a versatile unit mix, and its prime location near major transportation routes and amenities, this property promises strong rental potential and long-term value appreciation. Buyer to verify information independently and with listing broker.

Listed by Eliyahu Appel | BRE #01918652 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 36
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Home details

Lot Sq. Ft
6,600
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24386555
City
Van Nuys
County
Los Angeles
Time on Site
18 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $2,790
  • Pro Forma/Market Rent: $3,590
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,381
  • Total Rent: $2,762
  • Pro Forma/Market Rent: $4,790
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.03%
  • Gross Rent Multiplier: 16.44
  • Gross Scheduled Income: --
  • Net Operating Income: $33,126
  • Gross Operating Income: $64,627
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 13524 Vanowen St

Interior Features
Heating Information
  • No Heating
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 4
  • Parcel Number: 2329011011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Woodman and west of Fulton
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Sale History for 13524 Vanowen St

Last sold for $875,000 on December 2nd, 2016
  • April, 2024

  • Apr 9, 2024

    Date

    Active

    CRMLS: 24386555

    $1,095,000

    Price

  • December, 2016

  • Dec 2, 2016

    Date

    Sold (Public Records)

    Public Records

    $875,000

    Price

  • April, 2015

  • Apr 13, 2015

    Date

    Sold (Public Records)

    Public Records

    $769,000

    Price

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Tax History for 13524 Vanowen St

Assessed Value (2020): $928,555
Year Land Value Improved Value Assessed Value
2020 $566,684 $361,871 $928,555

Home Value Compared to the Market

This property vs the competition

13524 Vanowen St is listed 24.57% higher than the median list price for the city of Van Nuys which has a median list price of $879,000. The median price per/sqft for Van Nuys is $566 and this home is listed at $377.33 per/sqft which puts the price per square foot 33.33% lower than the median price per square foot for the city of Van Nuys.

About 13524 Vanowen St

Detailed summary of property

13524 Vanowen St is a multi family located in Van Nuys, CA 91405 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 2,902 living square feet, and sits on an approximately 6,600 square foot lot. 13524 Vanowen St was first listed on ArdentRealEstateGroup.com on May 1, 2024. The homeowner is currently asking $1,095,000. The median priced home in Van Nuys is $879,000 with a median price per square foot of $566. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is listed 24.57% higher than the median priced home. Local competing homes currently for sale include 5415 Monroe St, 1423 N Alexandria Ave and 1223 N Normandie Ave. While the average home in Van Nuys, CA is selling in 59 days, 13524 Vanowen St has a days on market of 36 days. There are currently 102 homes for sale in the Van Nuys real estate market and 76 of them are single family homes while 18 of them are condos and 8 are townhomes. For more information on this home for sale at 13524 Vanowen St Van Nuys, CA 91405 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 13524 Vanowen St

Public county record property details
Beds
6
Baths
4
Year built
1955
Sq. Ft.
2,902
Lot Size
6,598
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
2329-011-011

The source for these homes facts are from public records.

91405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$523
Median Sold Price
$820,000
Median Sold Price/Sq.Ft.
$491
Total Inventory
33
Median Sale to List Price %
102.63%
Avg Days on Market
17
Loan Type
Conventional (25%), FHA (8.33%), VA (0%), Cash (0%), Other (16.67%)

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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.