Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Van Nuys Multifamily Investment Title is generated by Realmo AI

    15919 Vanowen Street, Van Nuys, CA 91406

    View on Map
    Claim this Listing
    For Sale
    $1,799,000

    Apartment - Van Nuys, CA

    Type:Apartment
    Property size:
    6,450 SF
    Lot size:
    8,521.00 Acres
    Price / SF:
    $278/SF
    Added:
    Mar 26, 2026
    Days on Market:
    47
    Last Refresh:
    May 11 at 11:06 pm

    Property Features for 15919 Vanowen Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Exterior features
    Community Features Included: Valley, Urban, Suburban, Rectangular Lot
    Standard status
    Active
    APN
    2224028042
    Size
    6,450 SF
    Lot size
    8,521.00 Acres

    Building Details

    Year built
    1962
    Floors in Building
    2
    Number of units
    9
    Architectural style
    Other

    We can help!

    Listing Contact
    Cindy Hill

    Listing agent Cindy Hill License #00885625

    Listing office Equity Union 16820 Ventura Blvd., Encino, CA

    Listing date Mar 26, 2026

    MLS# SR26064384 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Van Nuys with close access to the 405, 101, and 170 freeways.
    • Proximity to Ventura Blvd. restaurants and shopping.
    • Convenient access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles via Metro Link.
    • Nine‑unit property offering a mix of (6) 1+1 units and (3) 2+1 units.
    • Total rentable area of 6,450 square feet on an 8,518 square foot lot.
    • Property built in 1962.

    Overview

    This property features a nine-unit apartment building constructed in 1962. The unit mix includes six one-bedroom, one-bathroom units and three two-bedroom, one-bathroom units. Situated on an 8,518 square foot lot, the building offers a total of 6,450 rentable square feet. Located in Van Nuys, the property provides convenient access to the 405, 101, and 170 freeways. Ventura Boulevard, with its numerous restaurants and shopping options, is located nearby. Additionally, the Metro Link transportation service offers easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Van Nuys
    County
    Los Angeles
    State
    California
    Longitude
    -118.4800186
    Latitude
    34.1940444

    Nearby Similar for Sale

    • $120,000

      Established Auto Body Repair Business

      Turnkey auto body and collision repair business in Van Nuys.
      14701 Calvert Street, Van Nuys, CA 91411
      View Details
    • $928,000
      1,742 SF

      Commercial Property on Sepulveda Boulevard

      Commercial property in high-traffic area with excellent visibility.
      7214 Sepulveda Boulevard, Van Nuys, CA 91405
      View Details
    • $2,900,000
      10,793 SF

      Van Nuys Multifamily Investment Opportunity

      Multifamily property in a high-demand rental corridor.
      13825 Vanowen St, Van Nuys, CA 91405
      View Details
    • $159,999

      Turn-Key Restaurant in Van Nuys

      Fully operational Mexican restaurant for sale in Van Nuys.
      7213 Balboa Boulevard, Van Nuys, CA 91406
      View Details
    • $3,198,000
      11,124 SF

      Valley Glen Multifamily Investment

      Well-maintained 11-unit apartment building in Valley Glen.
      13520 Victory, Van Nuys, CA 91401
      View Details
    • $1,575,000
      4,063 SF

      Lake Balboa Quadruplex Investment Opportunity

      Income-producing Van Nuys quadruplex with remodeled units and ample parking.
      6550 Balboa, Van Nuys, CA 91406
      View Details
    • $365,000

      Turnkey Collision Center in Van Nuys

      Fully equipped collision center for sale in Van Nuys.
      7620 Balboa Boulevard, Van Nuys, CA 91406
      View Details
    • $2,500,000
      3,672 SF

      Van Nuys Triplex on Large Lot

      Triplex in Valley Glen with rental income potential.
      6118 Ethel Avenue, Van Nuys, CA 91401
      View Details
    • $450,000

      Profitable Dental Practice Opportunity

      Established dental practice for sale in Van Nuys shopping center.
      17607 Sherman Way, Van Nuys, CA 91406
      View Details
    • $2,900,000
      7,250 SF

      Van Nuys Event Venue Opportunity

      Unique commercial property in high-traffic Van Nuys location.
      6265 Van Nuys Boulevard, Van Nuys, CA 91401
      View Details
    • $2,730,000
      8,830 SF

      Van Nuys Multifamily Investment Opportunity

      Ten-unit apartment building in Van Nuys with convenient freeway access.
      7437 Haskell Avenue, Van Nuys, CA 91406
      View Details
    • $2,975,000
      7,180 SF

      Valley Glen Townhome-Style Quadplex

      Four townhome-style units in a desirable Valley Glen location.
      13822 Oxnard St, Van Nuys, CA 91401
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine-unit apartment building in Van Nuys with freeway access.
    Where is this apartment building located?
    The property is located at 15919 Vanowen Street Van Nuys, CA.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: Prime location in Van Nuys with close access to the 405, 101, and 170 freeways.; Proximity to Ventura Blvd. restaurants and shopping.; Convenient access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles via Metro Link.
    (818) 640-4360
    We can help!
    Listing Contact
    Cindy Hill
    Real Estate License ID: 00885625
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15919 Vanowen Street, Van Nuys, CA 91406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!