Back to Search Nalren

Sold for $2,700,000 · Feb 2017

SOLD

Listed at $2,865,000

Sold

14929 VANOWEN Street, Van Nuys, CA 91405

Van Nuys, CA

MLS# 16174162

11,832 Sq Ft • Property
52 days on market

Listing Agent

David Harrington

Listing Agent

Matthews Retail Group, Inc.

DRE #: 01320460

Brokerage: Matthews Retail Group, Inc.

Property Details

N/A

Bedrooms

N/A

Bathrooms

11,832 sqft

Square Feet

1953

Year Built

N/A

Lot Size

$228

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

Price Reduction of $220,000. 14929 Vanowen Street presents a unique opportunity to invest in a recently upgraded multifamily property with rent upside potential. Over the course of the last 3 years the current owner has renovated units upon turnover by installing laminate flooring, new kitchen cabinets, granite countertops and new bathroom vanities.To date, approximately 50% of the units have been upgrading leaving room for a new investor to reposition the remaining units,perform a renovation and capture the over 20% upside that exists in rents.In addition to upgrading the unit interiors, the current owner has also recently installed all new windows throughout which will serve to improve insulation in both hot and cold weather, enhance the curb appeal of the property and better sound proof each unit.The exterior of the property was also recently painted and new front entry doors were installed in each unit.

Listing description from the February 2017 sale, as reported to CRMLS.

Sale history for 14929 VANOWEN Street

2 recorded sales

$2,700,000
Sold February 2017 · listed $2,865,000, orig. $3,085,000, on market October 2016, 52 days on market · MLS #16174162 · Source: CRMLS
Listing Agent: David Harrington · Listing Office: Matthews Retail Group, Inc. · Contact: 866-889-0550 · Bought with: David Harrington · Matthews Retail Group, Inc.
$1,760,000
Sold April 2013 · listed $1,750,000, on market January 2013, 32 days on market · MLS #13647685 · Source: CRMLS
Listing Agent: Jonathan Prakash · Listing Office: Keller Williams-Santa Monica · Contact: 310-482-2200 · Bought with: David Harrington · Delson/Norris

How this sale compares

14929 VANOWEN Street sold for $2,700,000 in February 2017, 5.8% under its $2,865,000 list price, after 52 days on the market. It was first listed at $3,085,000. Across 101 closed sales in 91405 over the last 12 months, the median sold price is $802,000 and the median is $492 per square foot.

$492
91405 median per sq ft (12 mo)
$802,000
91405 median sold price (12 mo)
101
Closed sales in 91405 (12 mo)
52
Days on market
−5.8%
Sold vs. list price
QuarterClosed sales in 91405Median sold price
Q1 20269$745,000
Q2 202638$867,500
Q3 202644$801,000
Q4 202610$786,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Van Nuys · Homes for sale in 91405

Recent sales near 14929 VANOWEN Street

Closed sales reported in 91405, nearest first, last 12 months. All recent sales in Van Nuys →

Explore Van Nuys