12-Unit Multifamily
For Sale
$2,750,000
15455 Vanowen, Van Nuys, CA 91406
All-electric system with 2025 upgrades, offering 12 units across one- and two-bedroom layouts.
Property Size8,238 SF
Days on Market150
Property Features for 15455 Vanowen
General Information
Standard status
Active
Size
8,238 SF
Property subtype
Apartment
Building Details
Building Size
8,238 SF
Year Built
1956
Listing Agency:
Keller Williams R. E. Services
Listed By:
Manvel Solakian · License #01310512
(818) 381-7722
Source:
Truthrealty
Added: Jun 4
Changed: Oct 31
Last Checked: Oct 30 at 8:38PM
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.
This for-sale multifamily property contains a total of 12 residential units. The mix includes 8 one-bedroom units and 4 two-bedroom units. Additional onsite income is generated through two laundry stations, with one laundry area at each building. Several units have been upgraded, and the property is described as low maintenance.
According to the provided remarks, all electric meters and main panels were upgraded in 2025, and no soft retrofitting is required. Vehicle access is described as available via a driveway from Vanowen and Orion, with proximity to freeways, schools, and shopping, and the area is described as high traffic.
The lot size is stated as 15,016 square feet, with a rentable building area of 8,238 square feet.
According to the provided remarks, all electric meters and main panels were upgraded in 2025, and no soft retrofitting is required. Vehicle access is described as available via a driveway from Vanowen and Orion, with proximity to freeways, schools, and shopping, and the area is described as high traffic.
The lot size is stated as 15,016 square feet, with a rentable building area of 8,238 square feet.
Key Highlights
- All‑electric property with electric meters and main panels upgraded in 2025
- 12 total units: 8 one‑bedroom and 4 two‑bedroom layouts
- Rentable building area of 8,238 SF on a 15,016 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,556
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,120
$2.7M
Cap Rate 7%
$1,893,657
$1.9M
Cap Rate 9%
$1,472,844
$1.5M
Market Conditions
NOI Build-Up for 8,238 SF
Gross rent
$262.0K $31.80/SF
− Vacancy
−$21.0K −$2.54/SF
EGI
$241.0K $29.26/SF
− OpEx
−$108.5K −$13.17/SF
NOI
$132.6K $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%
$2,651,120
Cap Rate 7%
$1,893,657
Cap Rate 9%
$1,472,844
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.66M – $2.21M
NOI $132,556 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.41M
$3.86M – $5.15M
NOI $308,742 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All-electric system with 2025 upgrades, offering 12 units across one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 15455 Vanowen Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: All‑electric property with electric meters and main panels upgraded in 2025; 12 total units: 8 one‑bedroom and 4 two‑bedroom layouts; Rentable building area of 8,238 SF on a 15,016 SF lot
