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13226 Vanowen St Los Angeles, CA 91605

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For Sale
$2,500,000

8-unit multifamily property with ADU potential near NoHo Arts.

Lot size:
0.20 Acres

Property Features for 13226 Vanowen St

General Information

Lot size
0.20 Acres

Building Details

Year built
1953
Source: Elliman

Listing Agency: Houze Real Estate Management

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multifamily Property Near NoHo Arts

This multifamily property features 8 units with 3 current vacancies. The building has undergone a completed seismic retrofit and offers the potential for 3 additional ADUs. Two ADUs are Ready-To-Issue (RTI), with the possibility of adding a third. Capital improvements include new paint, electrical panels, breakers, security cameras, and landscaping, representing over $100,000 in capital expenditures. The property is centrally located near the NoHo Arts District, the Red/Orange Metro Line, and upcoming mixed-use developments. The location boasts a 72 Walk Score, indicating that most errands can be accomplished on foot. Financial metrics include a 5.06% in-place Cap Rate, with the potential to reach 6.63% post-ADU conversion and a 17.51% average annual return, 7.58% pre-tax cash flow.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.42132
Latitude
34.1938

FAQs

What type of property is this?
Apartment building - 8-unit multifamily property with ADU potential near NoHo Arts.
Where is this apartment building located?
The property is located at 13226 Vanowen St Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - High potential return: 17.51% average annual return post-ADU conversion.; - Significant income upside: Opportunity to increase Cap Rate from 5.06% to 6.63% through ADU conversion.; - ADU potential: Approved plans (RTI) for 2 ADUs with potential for a third, increasing unit count and income.
More about this property
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