14849 Vanowen St, Van Nuys, CA 91405

The Seville Apartments is a 31-unit multifamily community offering multiple improvements designed to reduce operating friction for a new owner. The property has full copper plumbing, new vinyl windows, and completed seismic retrofit repairs (buyer to verify). Interiors and amenity selections include a fitness center and swimming pool, along with large quartz countertops, recessed lighting, stainless steel appliances, shaker cabinets, and wood flooring.

The property is located near the intersection of Vanowen Street and Kester Avenue in Van Nuys, providing convenient connectivity to the Greater Los Angeles Metro Area via nearby 405 and 101 Freeways. Shopping and dining options are close by, including Costco Wholesale and two separate Target locations within two miles. Additional nearby destinations include Sherman Oaks Galleria, The Plant Shopping Center, Westfield Fashion Square, and NoHo West.

For investors, the asset is positioned for both immediate income and longer-term rent growth. In addition to rent collections, supplemental revenue opportunities include RUBS collections, laundry income, parking income, pet rent, and renter’s insurance collections. The community’s structure also supports the ability to potentially recapture approximately 30% in rent upside through annual rent increases and natural turnover, making it a practical acquisition for those focused on cash flow with a defined strategy for rent improvement.