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Sold for $4,336,500 · Jun 2023

SOLD

Listed at $4,550,000

Sold

16226 Vanowen Street, Van Nuys, CA 91406

Van Nuys, CA

MLS# 23246965

12,207 Sq Ft • Property12bd • 19ba
86 days on market

Listing Agent

Brett Sanson

Listing Agent

Marcus & Millichap

DRE #: 01387480

Brokerage: Marcus & Millichap

Property Details

12

Bedrooms

19

Bathrooms

12,207 sqft

Square Feet

1985

Year Built

0.38 acres

Lot Size

$355

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

We are pleased to present a seventeen-unitmultifamily property located in a desirable Lake Balboa/ VanNuys location. Built in 1985, the property is not subject to LA CityRent Control (Still Subject to CA Rent Control AB1482). There is anice unit mix of two-Studios, thirteen one-bedroom/onebathroomunits and two two-bedroom/two-bathroomunits.Located on Vanowen Street, the property provides residents acentral location for easy access to much of the San FernandoValley. The Van Nuys Golf Course, Sepulveda Basin RecreationCenter, and the Van Nuys Airport are some of the notabledestinations nearby.In addition to the desirable location, the property offersresidents central AC & heat, gated entry, central courtyard,covered and open gated parking, and an on-site laundry facility.This opportunity is ideal for an investor looking for a Non LA CityRent Controlled asset in a dense rental market.

Listing description from the June 2023 sale, as reported to CRMLS.

Facts & Features

Details

Cooling
CentralAir
Heating
Central

Sale history for 16226 Vanowen Street

1 recorded sale

$4,336,500
Sold June 2023 · listed $4,550,000, on market March 2023, 86 days on market · MLS #23246965 · Source: CRMLS
Listing Agent: Brett Sanson · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap

How this sale compares

16226 Vanowen Street sold for $4,336,500 in June 2023, 4.7% under its $4,550,000 list price, after 86 days on the market. That works out to $355 per square foot on 12,207 square feet. Across 167 closed sales in 91406 over the last 12 months, the median sold price is $880,000 and the median is $561 per square foot, 58% above this sale's $355.

$355
This sale, per sq ft
$561
91406 median per sq ft (12 mo)
$880,000
91406 median sold price (12 mo)
167
Closed sales in 91406 (12 mo)
86
Days on market
−4.7%
Sold vs. list price
QuarterClosed sales in 91406Median sold price
Q1 202614$892,500
Q2 202671$850,000
Q3 202662$902,500
Q4 202620$892,000

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 91406

Recent sales near 16226 Vanowen Street

Closed sales reported in 91406, nearest first, last 12 months. All recent sales in Van Nuys →

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CRMLS

MLS# 23246965

Listed: 3/7/2023

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 6/23/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Marcus & Millichap

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.