Movoto Real Estate
Sold on 05/29/2025
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15840 Vanowen St, Van Nuys, CA 91406

$955,000

Last sold 05/29/2025 after 55 Days

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    bed

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    bath

Multi-family not for sale

About 15840 Vanowen St

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Lot size 8,503 Sqft
Rental estimate
Property description
Located in the heart of Van Nuys, 15840 Vanowen St presents an outstanding value-add investment opportunity in a high-demand rental market. This well-maintained 5-unit property features a diverse unit mix of one single, two 1-bedroom, 1-bath units, and two 2-bedroom, 1-bath units, offering strong tenant appeal. Positioned on a major thoroughfare, the property benefits from excellent visibility and accessibility, making it a prime choice for investors seeking steady rental income and long-term appreciation. The building has been upgraded for durability and efficiency, featuring copper plumbing and a new roof installed in 2022, reducing future maintenance costs. Additionally, it is individually metered for gas and electricity, helping to minimize owner expenses. The property includes on-site parking with storage, a sought-after feature that adds convenience for tenants. With a tremendous rental upside, investors have the opportunity to increase cash flow as the Van Nuys market continues to grow. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Strategically located, the property provides easy access to major freeways, including I-405 and US-101, ensuring seamless connectivity to key business hubs and surrounding neighborhoods. Residents will enjoy proximity to essential shopping and transit options, including Van Nuys Costco, Van Nuys Airport, and nearby retail centers. The area's strong rental demand further enhances the property’s investment potential. With its prime location, modern upgrades, and future income growth opportunities, 15840 Vanowen St is a must-see investment for those looking to expand their multifamily portfolio.
Listed by
Listing Agent - James Antonucci
Listing Agent Contact: 818-381-6601
Listing Office - Keller Williams Realty-Studio City
Source: CRMLS mls logo
MLS#SR25076834 • last updated 1 year ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.1952
Lot Size (SqFt) 8503
Year Built 1952
Interior
Laundry None
Exterior
Building Area Square Feet, 3349
Parking Carport
# Carport Spaces 5
# Parking Spaces 5
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban
Zoning LAR3
Directions East Of Van Nuys Airport, West Of The 405 Freeway
APN 2233010007
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 2535
Expense: Trash 1800
Operating Expense 31033
Cap Rate 5.25
Expense: Insurance 3349
Total Expenses 31033
Expense: Maintenance 3279
Expense: Water/ Sewer 2360
Gross Income 84504
Gross Operating Income 81969
Expense: Electric 2360
Gross Multiplier 11.48
Gross Scheduled Income 84504
Expense: Fuel 2360
Expense: Gardener 1500
Rental est.: $1,572/month
Gross rent multiplier: 50.6
  • May 2025
    mls logo MLS # SR25076834
  • May 29, 2025 Sold
    $955,000
  • Apr 9, 2025 Active
    —
  • Apr 4, 2025 Listed
    $970,000
  • May 2025
    Public Records
  • May 28, 2025 Sold
    $955,000 (-1.5%)
  • Year Property taxes Tax assessment
  • 2024
    $4,257 +1.6%
    $276,847 +2.0%
  • 2023
    $4,191 +4.0%
    $271,420
  • 2022
    $4,029 +1.5%
    $271,420 +4.04%
  • 2021
    $3,969 -0.7%
    $260,882
  • 2020
    $3,997 +6.8%
    $260,882 +5.12%
  • 2018
    $3,742
    $248,185
  • 15840 Vanowen St
    $955K
  • Lake Balboa
    $875K -2% y/y
  • 91406
    $854K -3% y/y
  • Van Nuys
    $815K -4% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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