Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15865 Vanowen St Van Nuys, CA 91406

    View on Map
    Sponsored
    Pending
    $2,150,000

    MULTI_FAMILY - Van Nuys, CA

    Property size:
    9,460 SF
    Lot size:
    0.31 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 17 at 1:06 pm

    Property Features for 15865 Vanowen St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    LAR3
    Rooms
    Bathroom 14, Bathroom 9, Bathroom 8, Bedroom 8, Bathroom 5, Bathroom 3, Bedroom 4, Bathroom 12, Bedroom 5, Bedroom 11, Bedroom 7, Bathroom 11, Bedroom 3, Bedroom 6, Bedroom 10, Bedroom 14, Bathroom 1, Bathroom 13, Bathroom 15, Bedroom 12, Bedroom 9, Bathroom 10, Bedroom 15, Bathroom 7, Bedroom 1, Bathroom 6, Bedroom 2, Bathroom 2, Bedroom 13, Bathroom 16, Bathroom 4
    Bedrooms
    15
    Bathrooms
    16
    APN
    2224-034-059
    Parking
    17
    Parking features
    Driveway
    Size
    9,460 SF
    Lot size
    0.31 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1976
    Floors in Building
    2
    Number of units
    16

    We can help!

    Listing Contact
    Eric Dilanian
    Eric Dilanian

    RE/MAX Commercial & Investment (310) 802-2500

    Listing agent Eric Dilanian (213) 817-1000 License #01951699

    Listing date Mar 7, 2026

    MLS# 26643693

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Van Nuys Multifamily Investment Opportunity

    This 16-unit multifamily property is located at 15865 Vanowen Street in the Lake Balboa neighborhood of Van Nuys. Constructed in 1976, the property consists of approximately 9,460 square feet of building area on a 13,494 square foot lot. The unit mix includes fifteen one-bedroom/one-bath units and one studio unit. Zoned LAR3, the property offers potential for detached ADU development. The location provides convenient access to employment centers, retail, dining, and public transportation. The area has a Walk Score of 66, indicating that some errands can be completed on foot. The property is situated near Van Nuys, Lake Balboa, Sherman Oaks, North Hollywood Arts District, and Encino. There is potential for the development of up to eight detached ADUs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.479034
    Latitude
    34.194252

    Nearby Similar for Sale

    • $3,199,000
      7,250 SF

      Van Nuys Commercial Property For Sale

      Unique property in high-traffic area, ideal for various commercial uses.
      6265 Van Nuys Blvd, Van Nuys, CA 91401
      View Details
    • $165,000

      Mediterranean Restaurant Opportunity on Balboa

      Thriving Mediterranean eatery for sale on Balboa Blvd.
      7600 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $370,000
      1,230 SF

      Profitable Medical Spa in Encino

      Fully operational medical spa with premium equipment and established clientele.
      17071 Ventura Blvd, Encino, CA 91316
      View Details
    • $120,000

      Established Auto Body Repair Business

      Turnkey auto body and collision repair business in Van Nuys.
      14701 Calvert St, Van Nuys, CA 91411
      View Details
    • $2,950,000
      11,730 SF

      Van Nuys Multifamily Investment

      Ten-unit apartment building in Van Nuys, built in 2003.
      13430 Victory Blvd, Van Nuys, CA 91401
      View Details
    • $928,000
      1,742 SF

      Commercial Property on Sepulveda Boulevard

      Commercial property in high-traffic area with excellent visibility.
      7214 Sepulveda Blvd, Van Nuys, CA 91405
      View Details
    • $210,000

      Established Laser Hair Removal Business

      Profitable laser hair removal business in prime Sherman Oaks location.
      4419 Van Nuys Blvd, Sherman Oaks, CA 91403
      View Details
    • $450,000

      Profitable Dental Practice Opportunity

      Established dental practice for sale in Van Nuys shopping center.
      17607 Sherman Way, Van Nuys, CA 91406
      View Details
    • $2,500,000
      3,672 SF

      Van Nuys Triplex on Large Lot

      Triplex in Valley Glen with rental income potential.
      6118 Ethel Ave, Van Nuys, CA 91401
      View Details
    • $159,999

      Turn-Key Restaurant in Van Nuys

      Fully operational Mexican restaurant for sale in Van Nuys.
      7213 Balboa Blvd, Van Nuys, CA 91406
      View Details
    • $2,700,000
      4,080 SF

      Renovated Triplex in Van Nuys

      Modern, renovated triplex featuring spacious units and contemporary finishes.
      7010 Lennox Ave, Van Nuys, CA 91405
      View Details
    • $1,595,000
      4,063 SF

      Lake Balboa Quadruplex Investment Property

      Income-producing 4-unit property in a sought-after rental market.
      6550 Balboa Ave, Van Nuys, CA 91406
      View Details

    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property in Van Nuys, California.
    Where is this apartment building located?
    The property is located at 15865 Vanowen St Van Nuys, CA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Value-add opportunity with significant upside potential in a high-demand rental corridor.; - Potential for detached ADU development (buyer to verify feasibility).; - Located in the desirable Lake Balboa neighborhood of Van Nuys.
    (213) 817-1000
    Request Owner's contact information
    15865 Vanowen St Van Nuys, CA 91406
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15865 Vanowen St
    Van Nuys, CA 91406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15865 Vanowen St Van Nuys, CA 91406
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric Dilanian
    Eric Dilanian
    Real Estate License ID: 01951699
    (213) 817-1000 (213) 233-4379
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!