$1,250,000
SOLD AUG 8, 2025
8 Beds
6 Baths
4,223 Sq Ft
6,403 Sq Ft Lot

Recently Sold

$296 Per Sq Ft

11% Below List Price

101 Days on Market

About This Home

As of August 2025

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).

Last Agent to Sell the Property

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 02/24/2025

Last Buyer's Agent

Lilit Hakobyan

Titus Realty, Inc. License #01965651

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Parking

  • Detached Carport Space

Interior Spaces

  • 4,223 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 6,403 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 2219-020-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4223
  • Lot Acreage: 0.1470
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 306.65

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 64.98
  • Assessed Improvement Value: 357129
  • Assessed Land Percent: 35.02
  • Assessed Land Value: 192430
  • Total Assessed Value: 549559
  • Assessor Parcel Number: 2219-020-009
  • Lot Size Area: 6403

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.46
  • Number Of Units: 6
  • Total Annual Expense: 49529
  • Type Of Units: Income
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: No

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Sold $1,250,000 -3.5% $296 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
05/08/2025 05/08/25 Price Changed $1,295,000 -7.5% $307 / Sq Ft
02/24/2025 02/24/25 For Sale $1,400,000 -- $332 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25502609

The MLS