24-Unit Apartment
15445 Vanowen ST, Van Nuys, CA 91406
For Sale
$5,500,000
Four six-unit buildings each have a laundry station, with vehicle access from Vanowen Street and Orion Avenue.
Property Size16,808 SF
Lot Size0.69 Acres
Price / SF$327.23
Days on Market119
Property Features for 15445 Vanowen ST
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
laundry stations
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams R. E. Services
Listed By:
Manvel Solakian · License #01310512
(818) 381-7722
Source:
Carrabbagroup
Added: Jul 14
Changed: Nov 7
Last Checked: Nov 8 at 12:53PM
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 Keller Williams R. E. Services
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Investment Insights
Based on property information with market context.
The 24-unit property comprises four buildings, each with six apartments. The unit mix includes 16 one-bedroom and 8 two-bedroom residences, with 16,808 square feet of rentable building area on a 30,109-square-foot lot. Each building has a laundry station, providing four stations across the property. Several apartments have been upgraded, and electrical meters and main panels were replaced in 2025. No soft retrofitting is required. The property was built in 1956 and has been fully occupied.
Two driveway entrances connect the site to Vanowen Street and Orion Avenue. Freeways, schools, and shopping are nearby.
Two driveway entrances connect the site to Vanowen Street and Orion Avenue. Freeways, schools, and shopping are nearby.
Key Highlights
- 24 apartments: 16 one‑bedroom units and 8 two‑bedroom units
- Four buildings with six apartments and one laundry station per building
- 30,109‑square‑foot lot with 16,808 square feet of rentable building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$270,454
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,409,080
$5.4M
Cap Rate 7%
$3,863,629
$3.9M
Cap Rate 9%
$3,005,044
$3.0M
Market Conditions
NOI Build-Up for 16,808 SF
Gross rent
$534.5K $31.80/SF
− Vacancy
−$42.8K −$2.54/SF
EGI
$491.7K $29.26/SF
− OpEx
−$221.3K −$13.17/SF
NOI
$270.5K $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%
$5,409,080
Cap Rate 7%
$3,863,629
Cap Rate 9%
$3,005,044
Alternative Uses
Best Use
Apartment 5plus
$3.86M
$3.38M – $4.51M
NOI $270,454 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.00M
$7.87M – $10.50M
NOI $629,926 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
24
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Van Nuys, CA
Properties on Market for Apartment buildings in Van Nuys
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Four six-unit buildings each have a laundry station, with vehicle access from Vanowen Street and Orion Avenue.
Where is this apartment building located?
The property is located at 15445 Vanowen ST Van Nuys, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 24 apartments: 16 one‑bedroom units and 8 two‑bedroom units; Four buildings with six apartments and one laundry station per building; 30,109‑square‑foot lot with 16,808 square feet of rentable building area
