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16935 Vanowen St, Los Angeles, CA 91406
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16935 Vanowen St Los Angeles, CA 91406

$5,200,000 Sold Price as of 07/30/2021
  • -- Beds
  • -- Baths
  • 16,374 Sq.Ft.
Sold
$5,200,000 Sold Price as of 07/30/2021 Refinance Your Mortgage
Map preview of 16935 Vanowen St, Los Angeles, CA 91406

Property Overview: 16935 Vanowen St Los Angeles, CA has -- bedrooms, -- bathrooms, 16,374 living square feet and 26,553 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 16935 Vanowen Street is a fully occupied retail strip center located between Balboa Blvd and Amestoy Ave in the Lake Balboa neighborhood of Van Nuys. This is a central location providing easy access to education, restaurants, shops, outdoor recreation, Van Nuys Airport, and I-405.Built in 1984, the subject property consists of 16,374 SF occupied by 12 long-time tenants with the majority on NNN leases.Tenants have rent increases throughout the lease term and option periods to hedge against inflation. The building is suitable for a wide variety of uses with spaces ranging from 800-3,508 SF. There is also a total of 36 parking spaces. There is a steady in-place cash flow with a current CAP rate of 4.83% with an additional rental upside of over 34%. Multiple tenants currently have short term leases at below market rents, offering an investor the opportunity to capture the upside efficiently. The property is being offered at $321 price per square foot. There is also strong future development potential with a large 26,552 SF lot zoned C2-1VL; with the ability to build up to 66 units-by-right and up to 91 units with an affordable component by utilizing the California density increase. The property is centrally located in Lake Balboa and is very walkable with a walkscore of 79.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 2 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
26,553
HOA Dues
$0/mo
Year built
1984
Garage
--
Property Type:
Other
Status
Sold
MLS#
21746790
City
Los Angeles
County
Los Angeles
Time on Site
332 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 16935 Vanowen St

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 36
Property Information
  • Parcel Number: 2230009032
Location / Neighborhood
Location Information
  • Directions: Located between Balboa Blvd and Amestoy Ave in the LakeBalboa neighborhood of Van Nuys
View more facts & features

Local Los Angeles Agent

Sale History for 16935 Vanowen St

Last sold for $5,200,000 on July 30th, 2021

  • July, 2021

  • Jul 30, 2021

    Date

    Sold

    CRMLS: 21746790

    $5,200,000

    Price

  • Jun 10, 2021

    Date

    Active

    CRMLS: 21746790

    $5,250,000

    Price

Tax History for 16935 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

16935 Vanowen St sold on July 30, 2021 for 341.18% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $320.63 per/sqft which puts the price per square foot 57.53% lower than the current median sale per square foot for the city of Los Angeles.

About 16935 Vanowen St

Detailed summary of property

16935 Vanowen St is a other that recently sold in Los Angeles, CA 91406. This property offered -- bedrooms, -- bathrooms, roughly 16,374 living square feet, and sits on an approximately 26,553 square foot lot. 16935 Vanowen St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $5,200,000. 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 341.18% higher than the current median priced home. Local homes that are currently for sale include 10705 S Figueroa St, 1539 Lincoln Ave and 11934 Willowbrook Ave. While the average home in Los Angeles, CA is selling in 96 days, 16935 Vanowen St has a days on market of 50 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 16935 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 16935 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
$820,000
Median Sold Price/Sq.Ft.
$606
Total Inventory
60
Median Sale to List Price %
102.63%
Avg Days on Market
35
Loan Type
Conventional (40.91%), FHA (9.09%), VA (0%), Cash (13.64%), Other (27.27%)

Thinking of Selling?

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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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