14737 Vanowen Street, Van Nuys, CA 91405 - Berkshire Hathaway HomeServices California Properties
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14737 Vanowen Street, Van Nuys, CA 91405

$1,400,000 Approx. USD 8 beds, 6 baths
4,223 sqft
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Listing Agent


Elliot Hassan | ehassan@northmarq.com
Lic#: 01481211
Broker: Courtesy of NorthMarq Realty Services, Inc.

Agent Remarks

An opportunity to acquire 14737 Vanowen Street, a 6- unit value-add opportunity located in the Van Nuys Submarket of the San Fernando Valley. 14737 Vanowen was built in 1957, is subject to Los Angeles Rent Control ("RSO") and offers resilient in-place cash flow with upside potential with additional capital outlay. Current rents are approximately 18% below market providing a buyer the opportunity to achieve market rents through strategic interior and faade enhancements. The property has been under the same ownership for the past 20+ years and has been well maintained. Ownership has made necessary upgrades to buildings systems over the years and modestly upgraded units upon turnover. Thus, leaving cosmetic upgrades for a subsequent buyer to upgrade the building to the taste of the modern-day renter. 14737 Vanowen features a unique unit mix and is comprised of (4) one-bedroom/one-bathroom units and (2) two-bedroom/one-bathroom units. The building is situated on a 6,401 square foot parcel and is comprised of a (1) two-story walk-up building with a detached carport structure in the rear of the property. Additional community amenities included one shared laundry facility with (1washers/1 dryers).

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25502609
Price: $1,400,000
Beds: 8
Baths: 6
Built in 1957
4,223 sqft
2 stories
0.15 acres
Lot size: 0.1470
County: Los Angeles
Zoning: LAR3
Parking description: Detached Carport
Heating description: None
MLS area: VN - Van Nuys

Last Updated: 3/18/2025

 Days On Market (DOM): 47

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This listing belongs to the VN - Van Nuys MLS area

Lat/Long: 34.194215, -118.454327.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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