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14217 Vanowen St, Los Angeles, CA 91405
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14217 Vanowen St Los Angeles, CA 91405

$1,300,000 Sold Price as of 10/20/2023
  • 10 Beds
  • 6 Baths
  • 4,790 Sq.Ft.
Sold
$1,300,000 Sold Price as of 10/20/2023 Refinance Your Mortgage
Map preview of 14217 Vanowen St, Los Angeles, CA 91405

Property Overview: 14217 Vanowen St Los Angeles, CA has 10 bedrooms, 6 bathrooms, 4,790 living square feet and 9,022 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Super clean building with low rents. SELLER FINANCING AVAILABLE. 55% Seller Financing at 5.00% Interest Only for 5 years. We are proud to present 14217 Vanowen St, a 6-unit value-add multi-family asset located in the Van Nuys submarket of the San Fernando Valley. This income producing property features an attractive unit mix of (4) 2 bed/1 bath and (2) 1bed/1 bath units. Built in 1956, this 4,790 square foot property sits on 9,022 square foot lot with easy access to the 405 freeway. Tenants enjoy on-site amenities such as carport parking and laundry. The Subject Property is perfect for a first time investor or an experienced owner wanting to add to their existing portfolio. The new owner will be able to aggressively capture the remaining 60% upside in rents, as 14217 Vanowen St remains an attractive property to a wide variety of qualified tenants in the ever developing submarket of Van Nuys, California.

Listed by Chase Simonton | BRE #01766871 | RE/MAX One
Last checked: 8 minutes ago | Last updated: October 20th, 2023 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
9,022
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23302921
City
Los Angeles
County
Los Angeles
Time on Site
246 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $993
  • Total Rent: $993
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,641
  • Total Rent: $1,641
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $993
  • Total Rent: $993
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,035
  • Total Rent: $1,035
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,448
  • Total Rent: $1,448
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,280
  • Total Rent: $1,280
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.7%
  • Gross Rent Multiplier: 14.96
  • Gross Scheduled Income: --
  • Net Operating Income: $49,741
  • Gross Operating Income: $87,226
  • Laundry Income: $1,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 14217 Vanowen St

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 6
  • Parcel Number: 2217012005
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: N of Vanowen St, E of Van Nuys Blvd, S of Sherman Way, W of Hazeltine Ave
View more facts & features

Local Los Angeles Agent

Sale History for 14217 Vanowen St

Last sold for $1,300,000 on October 20th, 2023

  • October, 2023

  • Oct 20, 2023

    Date

    Sold

    CRMLS: 23302921

    $1,300,000

    Price

  • Aug 21, 2023

    Date

    Active

    CRMLS: 23302921

    $1,345,000

    Price

Tax History for 14217 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

14217 Vanowen St sold on October 20, 2023 for 28.1% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $280.79 per/sqft which puts the price per square foot 61.95% lower than the current median sale per square foot for the city of Los Angeles.

About 14217 Vanowen St

Detailed summary of property

14217 Vanowen St is a multi family that recently sold in Los Angeles, CA 91405. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 4,790 living square feet, and sits on an approximately 9,022 square foot lot. 14217 Vanowen St was first listed on ArdentRealEstateGroup.com on August 26, 2023. The homeowner sold the property for $1,300,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 28.1% higher than the current median priced home. Local homes that are currently for sale include 6064 Horner St, 2577 S Sepulveda Blvd and 2710 Sawtelle Blvd. While the average home in Los Angeles, CA is selling in 96 days, 14217 Vanowen St has a days on market of 10 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 14217 Vanowen St Los Angeles, CA 91405 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 14217 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.

91405 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$493
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$500
Total Inventory
40
Median Sale to List Price %
100%
Avg Days on Market
13
Loan Type
Conventional (55.56%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

Thinking of Selling?

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(714) 706-1823

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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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