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Listed by James Antonucci • Keller Williams Realty-Studio City
$1,650,000
Est. payment /mo
4,684 SqFt
Pending
16020 Vanowen Street Van Nuys (los Angeles), CA 91406
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,684 sqft
Price per Sqft $352
MLS Listing ID CRSR25094699
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 8,499 Sqft
Property Sub-Type Other
Property Description
Located in a high-demand rental market, 16020 Vanowen St offers a rare opportunity to acquire a well-positioned 10-unit multifamily property in the heart of Van Nuys. Featuring a desirable unit mix of ten 1-bedroom, 1-bath units, this asset is ideal for investors seeking steady cash flow with tremendous rental upside. Situated on a major thoroughfare, the property benefits from high visibility, strong tenant demand, and excellent accessibility. The property has been upgraded for long-term durability, including a new roof installed in 2023 and copper plumbing, ensuring minimal maintenance costs for future ownership. Additionally, the building is individually metered for gas and electricity, reducing owner expenses. On-site parking and laundry facilities add to tenant convenience, while the property’s ADU potential presents an exciting value-add opportunity to increase rental income. Strategically located, 16020 Vanowen St provides easy access to major freeways, including I-405 and US-101, allowing for seamless connectivity throughout Los Angeles. Tenants will appreciate the proximity to key shopping and transit destinations, including Van Nuys Costco, Panorama Mall, Van Nuys DMV, and Van Nuys Airport. With strong demand for well-located rental housing in the area, this property
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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