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13956 Vanowen St 15 Unit Apartment Building $4,693,104 CAD ($312,874 CAD/Unit) 5.12% Cap Rate Van Nuys, CA 91405
Investment Highlights
- 7.65% Market Cap Rate
- 15 Units in Van Nuys
Executive Summary
13956 Vanowen St is a 14,424 square foot apartment community constructed in 1983. Based on the year of construction, the property is exempt from the City of Los Angeles RentStabilization Ordinance, also known as Los Angeles Rent Control. Situated in the Valley Glen neighborhood of Van Nuys in Los Angeles, the property has a combined unit mix consisting of (5) One-Bed/One-Bath units, (7) Two-Bed/Two-Bath units, (1) Two and Half-Bed/ Two-Bath unit, and (2) Three-Bed/Two-Bath unit, totaling an average of 957 square feet each. There is an expired tentative tract map for a condominium conversion and buyer to investigate. The property has been held for the same owners for approximately 30 years.
The property is two stories of wood frame and stucco construction over a level of subterranean parking. There are 9 tandem and 9 single parking spaces to accommodate a total of approximately 27 vehicles. The courtyard structure also has a pool to the rear of the property. The property does have a significant amount of deferred maintenance with upgrades needed to the roof, air conditioning units, electrical and several of the balconies. Buyer to investigate and complete all necessary repairs and upgrades at Buyer’s costs after the close of escrow.
The property is two stories of wood frame and stucco construction over a level of subterranean parking. There are 9 tandem and 9 single parking spaces to accommodate a total of approximately 27 vehicles. The courtyard structure also has a pool to the rear of the property. The property does have a significant amount of deferred maintenance with upgrades needed to the roof, air conditioning units, electrical and several of the balconies. Buyer to investigate and complete all necessary repairs and upgrades at Buyer’s costs after the close of escrow.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,693,104 CAD | Property Subtype | Apartment |
| Price Per Unit | $312,874 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.12% | Lot Size | 0.28 AC |
| Gross Rent Multiplier | 10.52 | Building Size | 14,424 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Zoning | LARD1.5 | ||
| Price | $4,693,104 CAD |
| Price Per Unit | $312,874 CAD |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 10.52 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 14,424 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,128 CAD | 750 |
| 2+2 | 7 | $2,609 CAD | 1,000 |
| 2+2.5 | 1 | $2,296 CAD | 1,100 |
| 3+2 | 2 | $3,253 CAD | 1,250 |
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Walk Score®
Very Walkable (78)
Property Taxes
| Parcel Number | 2238-006-027 | Total Assessment | $2,534,129 CAD (2025) |
| Land Assessment | $337,854 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,196,274 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2238-006-027
Land Assessment
$337,854 CAD (2025)
Improvements Assessment
$2,196,274 CAD (2025)
Total Assessment
$2,534,129 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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13956 Vanowen St
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