13226 Vanowen St Los Angeles, CA 91605
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
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.42132
- Latitude
- 34.1938
Nearby Similar for Sale
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.