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16019 Vanowen St, Los Angeles, CA 91406
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16019 Vanowen St Los Angeles, CA 91406

$1,230,000 Sold Price as of 08/29/2023
  • 8 Beds
  • 6 Baths
  • 4,184 Sq.Ft.
Sold
$1,230,000 Sold Price as of 08/29/2023 Refinance Your Mortgage
Map preview of 16019 Vanowen St, Los Angeles, CA 91406

Property Overview: 16019 Vanowen St Los Angeles, CA has 8 bedrooms, 6 bathrooms, 4,184 living square feet and 8,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present the opportunity to acquire 16019 Vanowen Street, a six-unit investment opportunity located in the Van Nuys neighborhood of the San Fernando Valley.

Listed by Tony Azzi | BRE #00910513 | Tony Azzi
Last checked: 1 minute ago | Last updated: August 29th, 2023 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
8,500
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23279993
City
Los Angeles
County
Los Angeles
Time on Site
319 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,155
  • Total Rent: $4,618
  • Pro Forma/Market Rent: $6,780
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,328
  • Total Rent: $2,656
  • Pro Forma/Market Rent: $3,990
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.5%
  • Gross Rent Multiplier: 14.15
  • Gross Scheduled Income: --
  • Net Operating Income: $43,282
  • Gross Operating Income: $93,288
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 16019 Vanowen St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Property Information
  • Total # of Units: 6
  • Parcel Number: 2224028030
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Centrally Located north of the 101 Freeway and East of the 405 Freeway!
View more facts & features

Local Los Angeles Agent

Sale History for 16019 Vanowen St

Last sold for $1,230,000 on August 29th, 2023

  • August, 2023

  • Aug 29, 2023

    Date

    Sold

    CRMLS: 23279993

    $1,230,000

    Price

  • Jun 11, 2023

    Date

    Active

    CRMLS: 23279993

    $1,300,000

    Price

  • November, 2019

  • Nov 6, 2019

    Date

    Expired

    CRMLS: 19466956

    $1,200,000

    Price

  • May 16, 2019

    Date

    Active

    CRMLS: 19466956

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    A well maintained six unit multi-family building located in Lake Balboa. Based on increasing rental rates in the area, the property has great upside and represents a major value-add and easy repositioning opportunity. By simply turning over units and further renovating them, a savvy investor can achieve market rents of $1,550 for one bedrooms and $1,800 for two bedrooms. This equates to 38% of potential rental upside. The subject property offers tenants select amenities including on-site laundry, gated entry and gated secured covered parking spaces. The property is situated on a 8,500 sq. ft. lot and has great redevelopment potential, with the ability to build 10 to 14 new units by taking advantage of density bonus. Also of note, the Property is NOT on the L.A.'s Soft-Story Retrofit Program website. (Buyer to Verify All comments which are believed to be from reliable sources)

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Tax History for 16019 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

16019 Vanowen St sold on August 29, 2023 for 17.62% 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 $295.17 per/sqft which puts the price per square foot 60% lower than the current median sale per square foot for the city of Los Angeles.

About 16019 Vanowen St

Detailed summary of property

16019 Vanowen St is a multi family that recently sold in Los Angeles, CA 91406. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,184 living square feet, and sits on an approximately 8,500 square foot lot. 16019 Vanowen St was first listed on ArdentRealEstateGroup.com on June 13, 2023. The homeowner sold the property for $1,230,000. 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 17.62% higher than the current median priced home. Local homes that are currently for sale include 5851 La Mirada Ave, 1847 S Curson Ave and 1636 S Ridgeley Dr. While the average home in Los Angeles, CA is selling in 97 days, 16019 Vanowen St has a days on market of 70 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 16019 Vanowen St Los Angeles, CA 91406 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 16019 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.

91406 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$523
Median Sold Price
$875,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
62
Median Sale to List Price %
102.34%
Avg Days on Market
37
Loan Type
Conventional (40%), FHA (5%), VA (0%), Cash (20%), Other (25%)

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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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