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13226 Vanowen St
North Hollywood, CA 91605 Valley Glen

$2,500,000 USD

Apartments For Sale  •  4,794 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,794 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1953
  • Cap Rate 5.06 %
  • Zoning R3, Los Angeles
40 Transit Score
74 Walk Score

Highlights

*Financial Metrics* - 5.06% Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow
*Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs.
*ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU.
*Capital Improvements* - New electrical panels, breakers, security cameras, paint and landscaping, over $100K in capital expenditures.
*Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments.
*Walk Score* - Very walkable neighborhood with a 72 Walk Score—most errands can be done on foot.
Cap Rate: 5.06 %

Amenities

  • Air Conditioning
  • Balcony

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.1 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 9 min - 4.0 mi
AirportDriveWalkDistance
Bob Hope 10 min - 4.0 mi
Los Angeles International 35 min - 23.1 mi
Long Beach (Daugherty Field) 52 min - 37.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group
Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group