16226 Vanowen Street, Van Nuys, CA 91406

About this property

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.

Sale history

$4,336,500

Sold June 2023 · listed $4,550,000, on market March 2023 · MLS #23246965 · Source: CRMLS

Listing Agent: Brett Sanson · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap

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