16019 VANOWEN Street

Los Angeles, CA 91406

  • $1,200,000
    Listed Price
  • N/A
  • N/A
  • N/A sqft
    $286 / sqft
  • 1956
    Year Built

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Property Description

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)

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 16019 VANOWEN Street
City Los Angeles
State CA
Zip 91406
County Los Angeles
Listing Agent Jon Emrani DRE#01427038
Courtesy Of Marcus & Millichap
MLS 19466956
List Price $1,200,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 8,500
Year Built 1956
DOM 112

Exterior Information

Howard Haber

Howard Haber

Company JohnHart Real Estate
DRE 01592069

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Listing information courtesy of: Jon Emrani, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of May 23rd, 2019 at 5:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.