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15405 Vanowen St, Van Nuys, CA 91406 listing image 1

For Sale

$5,350,000

$250k

15405 Vanowen St, Van Nuys, CA 91406

20Beds
30Baths
19532SqFt

20Beds
30Baths
19532SqFt

Property Type
Condo
Year Built
1960
Price per Sqft
$274
On highrises
88 Days

Property Details

HUGE PRICE REDUCTION! 15405 Vanowen is being offered at a 10.46 GRM and 5.68% cap rate with low rents - 39% upside in rents. Great price per unit of $178, 333 and price per foot of $273.91. Gated parking and secured entrance for tenant security. Close proximity to freeways for convenience of travel to work and school. Large lot of 22, 873 square feet zoned LAR3. The building is fully occupied, so please do not disturb the tenants. All showings are subject to an accepted offer.

Property Features

Bedrooms

Bedrooms: 20

Bathrooms

Total Bathrooms: 30
Full Bathrooms: 30

Land Info

Lot Size Acres: 0.5252525
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 22880

Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

Multi-Unit Info

Number of Buildings: 1
Number of Units: 30
Unit Type: Mix
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2350, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1950, 3 BathsTotal: 1, 3 SquareFeet: 1600

Other Property Info

Source Listing Status: Pending
County: Los Angeles
Cap Rate: 5.68
Directions: Major Cross streets are Vanowen and Sepulveda
Source Property Type: Residential Income
Area: East Van Nuys
Source Neighborhood: East Van Nuys
Parcel Number: 2234-025-013
Zoning: LAR3
Source System Name: C2C

Commercial Info

Net Operating Income: 300785

Building and Construction

Total Square Feet Living: 19532
Year Built: 1960
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 65
Levels or Stories: 3
Year Built Source: Vendor Enhanced

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
02/24/2025	Price Changed	$5,350,000	$274	TheMLSCLAW
02/03/2025	Listed	$5,600,000	$287	TheMLSCLAW
03/02/2024	Listing removed	-	-	TheMLSCLAW
01/22/2024	Price Changed	$5,650,000	$289	TheMLSCLAW
11/30/2023	Price Changed	$5,795,000	$297	TheMLSCLAW
10/13/2023	Listed	$6,250,000	$320	TheMLSCLAW
09/02/2016	Listing removed	$1,200	-	VFlyer

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2024	$44,538	$1,376,298	+	$2,064,449	=	$3,440,747
2023	$43,719	$1,349,312	+	$2,023,970	=	$3,373,282
2022	$41,779	$1,322,855	+	$1,984,285	=	$3,307,140
2021	$41,190	$1,296,917	+	$1,945,378	=	$3,242,295
2020	$41,580	$1,283,619	+	$1,925,431	=	$3,209,050
2019	$40,013	$1,258,450	+	$1,887,678	=	$3,146,128
2018	$39,546	$1,233,775	+	$1,850,665	=	$3,084,440

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
7300 Balboa Blvd Unit A	$615K	2	3	1275	31642
15511 Sherman Way Apt 25	$525K	3	2	1142	109183
6840 DE Celis Pl Apt 22	$725K	3	4	1821	80542
7046 DE Celis Pl Unit 7	$615K	2	3	1230	21066
7035 Woodley Ave Unit 204	$415K	3	2	1117	37719
16743 Vanowen St	$449K	1	2	930	134744

Presented by:
Chase Simonton
state license#01766871

Broker Location:

Porter Ranch

Data Source:

TheMLSCLAW

Source's Property ID:

25493379

Data Source Copyright:

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$5,350,000

$250k

15405 Vanowen St, Van Nuys, CA 91406