27-Unit Apartment
13061 Vanowen Street North Hollywood, CA 91605
13061 Vanowen Street, North Hollywood, CA, 91605
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market324
Property Features for 13061 Vanowen Street
General Information
- Standard status
- Pending
- Size
- 24,614 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing agency
Equity Union
(818) 640-4360
Listed by
Cindy Hill · License #CA 00885625
Source
Crexi
Added: Sep 2, 2025 Updated: Jul 21 at 6:39PM Checked: Jul 22 at 6:01PM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $782.7k | $31.80 |
| − Vacancy | −$62.6k | −$2.54 |
| EGI | $720.1k | $29.26 |
| − OpEx | −$324.0k | −$13.17 |
| NOI | $396.1k | $16.09 |
24,614 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
