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13227 Vanowen St 10 Unit Apartment Building $3,380,008 CAD ($338,001 CAD/Unit) 6.23% Cap Rate North Hollywood, CA 91605
Investment Highlights
- Non Rent Control! Built in 1984 – Subject to Statewide AB 1482
- 1st Time to be Sold in Over 25 Years!
- Excellent Unit Mix offering all 1 & 2 Bedroom Layouts
- 16 Parking Spaces!
- 1 Unit to Be Delivered Vacant!
- Corner Lot!
Executive Summary
13227 Vanowen St is a 10 Unit Apartment Building built in 1984. The property is located in an excellent North Hollywood Location west of Coldwater Canyon and east of Woodman Ave. The property offers an excellent unit mix composed of 6 - 2 Bedroom / 1 Bathroom units & 4 - 1 Bedroom / 1 Bathroom units. Built in 1984, the property is subject to AB - 1482, allowing 5% + CPI Rent Increases (Capped at 10%) Buyer to verify. Property Sits on a Corner Lot. Garage offers 16 Parking Spaces!
Property Facts
| Price | $3,380,008 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $338,001 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.23% | Building Size | 7,982 SF |
| Gross Rent Multiplier | 10.05 | Average Occupancy | 92% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $3,380,008 CAD |
| Price Per Unit | $338,001 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Gross Rent Multiplier | 10.05 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,982 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 700 |
| 2+1.5 | 6 | - | 850 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2327-007-054 | Improvements Assessment | $642,275 CAD |
| Land Assessment | $214,082 CAD | Total Assessment | $856,358 CAD |
Property Taxes
Parcel Number
2327-007-054
Land Assessment
$214,082 CAD
Improvements Assessment
$642,275 CAD
Total Assessment
$856,358 CAD
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13227 Vanowen St
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