20-Unit Apartment
15809 Vanowen ST, Van Nuys, CA 91406
For Sale
New
$5,000,000
Residents have access to on-site parking and laundry facilities.
Property Size14,956 SF
Lot Size0.53 Acres
Price / SF$334.31
Days on Market4
Property Features for 15809 Vanowen ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Amenities
laundry facilities
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Beverly and Company
Listed By:
Kamran Yasnafar · License CA #01774523
(818) 577-7799
Source:
Frontgaterealestate
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:15PM
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 Beverly and Company
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Investment Insights
Based on property information with market context.
This two-story apartment property contains 20 units across approximately 14,956 square feet on a 22,952-square-foot lot. The unit mix includes eight 2-bedroom/1-bathroom apartments and twelve 1-bedroom/1-bathroom apartments. Built in 1957, the building also provides on-site parking and laundry facilities.
The property is on Vanowen Street between Haskell Avenue and Woodley Avenue, with access to the 405 and 101 freeways. Shopping, dining, schools, and major employment centers are identified among the surrounding area’s amenities.
The property is on Vanowen Street between Haskell Avenue and Woodley Avenue, with access to the 405 and 101 freeways. Shopping, dining, schools, and major employment centers are identified among the surrounding area’s amenities.
Key Highlights
- 20 apartments: eight 2‑bedroom/1‑bathroom units and twelve 1‑bedroom/1‑bathroom units
- Approximately 14,956 square feet of building area on a 22,952‑square‑foot lot
- Two‑story building constructed in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,654
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,813,080
$4.8M
Cap Rate 7%
$3,437,914
$3.4M
Cap Rate 9%
$2,673,933
$2.7M
Market Conditions
NOI Build-Up for 14,956 SF
Gross rent
$475.6K $31.80/SF
− Vacancy
−$38.0K −$2.54/SF
EGI
$437.6K $29.26/SF
− OpEx
−$196.9K −$13.17/SF
NOI
$240.7K $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%
$4,813,080
Cap Rate 7%
$3,437,914
Cap Rate 9%
$2,673,933
Alternative Uses
Best Use
Apartment 5plus
$3.44M
$3.01M – $4.01M
NOI $240,654 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.01M
$7.01M – $9.34M
NOI $560,517 @ 7.0% cap · market cap 11.21%
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
20
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,050
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
$765,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Residents have access to on-site parking and laundry facilities.
Where is this apartment building located?
The property is located at 15809 Vanowen ST Van Nuys, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 20 apartments: eight 2‑bedroom/1‑bathroom units and twelve 1‑bedroom/1‑bathroom units; Approximately 14,956 square feet of building area on a 22,952‑square‑foot lot; Two‑story building constructed in 1957
