NOT LISTED FOR SALE

14929 Vanowen St van Nuys, CA 91405

Van Nuys Neighborhood
30 Beds
15 Baths
11,832 Sq Ft
0.37 Acres

Last Sold February 10, 2017

Last sale price $2,700,000 $228 Per Sq Ft

52 Days on Market

About This Home

As of February 2017

Price Reduction of $220,000. 14929 Vanowen Street presents a unique opportunity to invest in a recently upgraded multifamily property with rent upside potential. Over the course of the last 3 years the current owner has renovated units upon turnover by installing laminate flooring, new kitchen cabinets, granite countertops and new bathroom vanities.To date, approximately 50% of the units have been upgrading leaving room for a new investor to reposition the remaining units,perform a renovation and capture the over 20% upside that exists in rents.In addition to upgrading the unit interiors, the current owner has also recently installed all new windows throughout which will serve to improve insulation in both hot and cold weather, enhance the curb appeal of the property and better sound proof each unit.The exterior of the property was also recently painted and new front entry doors were installed in each unit.

Last Listed By

David Harrington

Matthews Real Estate Investment Services License #01320460 Listed on: 10/24/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.37 Acre Lot

Interior Spaces

  • 11,832 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 15 Bathrooms

Parking

  • 24 Parking Spaces
  • Unassigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 15 Units

Listing and Financial Details

  • Assessor Parcel Number 2220-018-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11832
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 30
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 15.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 242.14

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Unassigned
  • Total Parking: 24

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 790578
  • Assessed Land Value: 1040235
  • Assessor Parcel Number: 2220-018-021
  • Geocode Override: No
  • Lot Size Area: 16082

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.98
  • Number Of Units: 15
  • Rent Control: 100%
  • Total Annual Expense: 81860
  • Type Of Units: APT
  • Vacancy Rate: 3.0%

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
02/10/2017 02/10/17 Sold $2,700,000 -5.8% $228 / Sq Ft
12/15/2016 12/15/16 Pending -- -- --
11/17/2016 11/17/16 Price Changed $2,865,000 -7.1% $242 / Sq Ft
10/24/2016 10/24/16 For Sale $3,085,000 +75.3% $261 / Sq Ft
04/30/2013 04/30/13 Sold $1,760,000 +0.6% $149 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $1,750,000 -- $148 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Harrington

    Seller's Agent in 2017

    David Harrington

    Matthews Real Estate Investment Services

    (866) 889-0550

    37 Total Sales

    Section Image

  • J

    Seller's Agent in 2013

    Jonathan Prakash

    Equity Union

    (424) 600-7620

    6 Total Sales

    Jonathan Prakash
    Section Image

  • A

    Seller Co-Listing Agent in 2013

    Andre Melikian

    Andre Melikian

    (310) 720-7903

    Andre Melikian
    Section Image
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Map

Source: The MLS

MLS Number: 16-174162

The MLS

California Los Angeles County Van Nuys 91405 Van Nuys

14929 Vanowen St, Van Nuys, CA

Homes for Sale in van Nuys, CA

This home is located at 14929 Vanowen St, van Nuys, CA 91405 since 24 October 2016. This property was built in 1953. 14929 Vanowen St is a home located in Los Angeles County with nearby schools including Columbus Avenue, Robert Fulton College Preparatory, and Van Nuys High School.

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