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$3,500,000

FOR SALE
Active

12635 Vanowen Street

North Hollywood, CA

MLS# BB26231521

Apartment
4 days on marketNalren refreshed

Listing Agent

David Nalbandyan

Listing Agent

LA Premier Realty

DRE #: 01869296

info@lapremierrealty.com

Brokerage: LA Premier Realty

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1958

Year Built

0.32 acres

Lot Size

N/A

Price/Sq Ft

15

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

A 15-unit Multifamily Located in Noho West With over 60% Upside on rent and currently operating at a 5% CAP Rate. the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $270K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.19 and Proforma CAP rate of 9.65%. Recent Capital Improvements include EQ Retrofitting, Main Panel Upgrades, new asphalt and Three Units with Complete Interior Renovations

Facts & Features

Interior

Laundry Features
Community Laundry

Exterior

Private Pool
No
Lot Features
0–1 Acre Lot

Building

Year Built
1958
Building Area Total
11,230
Stories Total
2

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
15
Parking Total
15

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