16019 VANOWEN Street, Los Angeles, CA 91406
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Listed Price :
$1,200,000
-
Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1956
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 |
| List Price |
$1,200,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
8,500 |
| Year Built |
1956 |
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.
