31-Unit Multifamily Apartment
14849 Vanowen St Van Nuys, CA 91405
14849 Vanowen St, Van Nuys, CA, 91405
$5,395,000
For Sale
$5,395,000
Upgraded 31-unit multifamily property with full copper plumbing, new vinyl windows, and completed seismic retrofit repairs.
Days on Market48
Property Features for 14849 Vanowen St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency
Encino Office
(213) 943-1855
Listed by
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source
Marcusmillichap
Added: Jun 1 Checked: Jul 17 at 2:18 am
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 31‑unit multifamily property at 14849 Vanowen Street, Van Nuys, CA
- Upgrades include full copper plumbing and new vinyl windows
- Completed seismic retrofit repairs (buyer to verify)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Seville
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Upgraded 31-unit multifamily property with full copper plumbing, new vinyl windows, and completed seismic retrofit repairs.
Where is this apartment building located?
The property is located at 14849 Vanowen St Van Nuys, CA.
What is the asking price?
The asking price for this property is $5,395,000.
What are key features of this property?
This property features: 31‑unit multifamily property at 14849 Vanowen Street, Van Nuys, CA; Upgrades include full copper plumbing and new vinyl windows; Completed seismic retrofit repairs (buyer to verify)
