27-Unit Apartment
For Sale
$5,700,000
Pending
13061 Vanowen Street, North Hollywood, CA 91605
Built in 1962, this 27-unit multifamily property offers 2+1 unit configurations with 24,614 rentable square feet.
Property Size24,614 SF
Days on Market415
Property Features for 13061 Vanowen Street
General Information
Standard status
Pending
Size
24,614 SF
Total Parking Spaces
27
Property subtype
Residential Income / Res Income 2-4 Units
Zoning
LAR3
Net Operating Income
$342,015
Building Details
Year Built
1962
Buildings
1
Units
27
Listing Agency:
Equity Union
Listed By:
Cindy Hill · License #00885625
(818) 989-2000
Source:
Compass
Added: Sep 3, 2025
Changed: Oct 11
Last Checked: Oct 20 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
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Investment Insights
Based on property information with market context.
This 27-unit apartment building was constructed in 1962 and is configured with 27 two-bedroom plus one-bath units. The property includes 24,614 rentable square feet on a 24,371-square-foot lot.
Located in North Hollywood, the area is known for its NoHo Arts District and access to public transportation, including the Metro Red Line and Orange Line bus routes, as well as nearby access to the 101, 170, and 134 freeways.
The building is offered for sale as a residential income property within a neighborhood that is also undergoing a major mixed-use redevelopment at Lankershim and Chandler.
Located in North Hollywood, the area is known for its NoHo Arts District and access to public transportation, including the Metro Red Line and Orange Line bus routes, as well as nearby access to the 101, 170, and 134 freeways.
The building is offered for sale as a residential income property within a neighborhood that is also undergoing a major mixed-use redevelopment at Lankershim and Chandler.
Key Highlights
- 27‑unit multifamily property built in 1962
- Unit mix: (27) 2+1 units
- 24,614 rentable square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$396,059
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,921,180
$7.9M
Cap Rate 7%
$5,657,986
$5.7M
Cap Rate 9%
$4,400,656
$4.4M
Market Conditions
NOI Build-Up for 24,614 SF
Gross rent
$782.7K $31.80/SF
− Vacancy
−$62.6K −$2.54/SF
EGI
$720.1K $29.26/SF
− OpEx
−$324.0K −$13.17/SF
NOI
$396.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,921,180
Cap Rate 7%
$5,657,986
Cap Rate 9%
$4,400,656
Alternative Uses
Best Use
Apartment 5plus
$5.66M
$4.95M – $6.60M
NOI $396,059 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.18M
$11.53M – $15.37M
NOI $922,477 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
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Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1962, this 27-unit multifamily property offers 2+1 unit configurations with 24,614 rentable square feet.
Where is this apartment building located?
The property is located at 13061 Vanowen Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: 27‑unit multifamily property built in 1962; Unit mix: (27) 2+1 units; 24,614 rentable square feet total
