11-Bedroom ResidentialIncome — 12944 Vanowen Street, North Hollywood, CA

About this property

Welcome to 12944 Vanowen Street! An outstanding opportunity to acquire a well-located six-unit apartment building in one of the San Fernando Valley's strong and consistent rental markets. The property features an attractive unit mix of one 1-bedroom/1-bath unit and five 2-bedroom/2-bath units, with two of those being townhouse-style units appealing to a broad range of tenants and supporting long-term rental demand.What makes this property especially unique is the stability of the tenant base, with several long-term tenants in place for up to 35 years, creating dependable occupancy and a strong sense of community within the building. In addition, the property is not subject to Los Angeles City Rent Control, offering investors greater long-term flexibility and future upside potential.The property also presents a value-add opportunity with significant upside in rental income over time. Conveniently located near major employment centers, shopping, dining, transportation, and ongoing area improvements throughout the San Fernando Valley, 12944 Vanowen Street is well-positioned for continued rental demand and future growth.This is an ideal opportunity for an investor seeking a stable asset with long-term tenants, rental upside, and strong future potential in a highly desirable rental location.

Property details

Location

12944 Vanowen Street • North Hollywood, CA 91605

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Listed by

Debra Valentine · The ONE Luxury Properties