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16609 Vanowen St, Los Angeles, CA 91406
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16609 Vanowen St Los Angeles, CA 91406

$3,600,000 Sold Price as of 04/05/2019
  • 19 Beds
  • 20 Baths
  • 13,608 Sq.Ft.
Sold
$3,600,000 Sold Price as of 04/05/2019 Refinance Your Mortgage
Map preview of 16609 Vanowen St, Los Angeles, CA 91406

Property Overview: 16609 Vanowen St Los Angeles, CA has 19 bedrooms, 20 bathrooms, 13,608 living square feet and 19,138 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Josh Luchs of CBRE is pleased to present for sale, a 20-unit multifamily building located at 16609 Vanowen St. in Lake Balboa. Constructed in 1973, the ±13,608 square foot property is situated on a ±19,139 square foot lot. It's located just North of Vanowen, between Hayvenhurst and Balboa.The building consists of three Singles, fifteen 1BD/1BA units, and two 2BD/1.5BA units.The property benefits from a central location that's minutes from the Van Nuys Golf Course, The Japanese Gardens, and the Sherman Oaks Galleria.Los Angeles's improving infrastructure and lack of housing supply, has made it one of the most desired rental markets in the country, rivaling New York City and San Francisco.

Listed by Joshua Luchs | BRE #01845545 | CB Richard Ellis, Inc.
Last checked: 16 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 168

Home details

Lot Sq. Ft
19,138
HOA Dues
$0/mo
Year built
1973
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
18379976
City
Los Angeles
County
Los Angeles
Time on Site
1200 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,105
  • Total Rent: $3,315
  • Pro Forma/Market Rent: $3,600
Unit Breakdown 2
  • # of Units: 15
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,045
  • Total Rent: $15,675
  • Pro Forma/Market Rent: $22,500
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,387
  • Total Rent: $2,774
  • Pro Forma/Market Rent: $3,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.28%
  • Gross Rent Multiplier: 13.73
  • Gross Scheduled Income: --
  • Net Operating Income: $156,209
  • Gross Operating Income: $261,261
  • Improvements Total: $1,687,954
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 16609 Vanowen St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 20
  • Parcel Number: 2225009008
Location / Neighborhood
Location Information
  • Directions: Just East of Balboa Blvd on Vanowen St.
View more facts & features

Local Los Angeles Agent

Sale History for 16609 Vanowen St

Last sold for $3,600,000 on April 5th, 2019

  • April, 2019

  • Apr 11, 2019

    Date

    Sold

    CRMLS: 18379976

    $3,600,000

    Price

  • Feb 21, 2019

    Date

    Active Under Contract

    CRMLS: 18379976

    $3,650,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: 18379976

    $3,650,000

    Price

Tax History for 16609 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

16609 Vanowen St sold on April 5, 2019 for 247.62% 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 $268.22 per/sqft which puts the price per square foot 63.66% lower than the current median sale per square foot for the city of Los Angeles.

About 16609 Vanowen St

Detailed summary of property

16609 Vanowen St is a multi family that recently sold in Los Angeles, CA 91406. This multi family property offered 19 bedrooms, 20 bathrooms, roughly 13,608 living square feet, and sits on an approximately 19,138 square foot lot. 16609 Vanowen St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,600,000. 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 247.62% higher than the current median priced home. Local homes that are currently for sale include 7706 Hollywood Blvd, 1645 Courtney Ave and 1453 S Beverly Dr. While the average home in Los Angeles, CA is selling in 97 days, 16609 Vanowen St has a days on market of 168 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 16609 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 16609 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%)

Thinking of Selling?

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Recently Sold Homes Near 16609 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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