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Pine Tree Apartments 15022 Vanowen St 24 Unit Apartment Building $7,317,088 CAD ($304,879 CAD/Unit) 5.56% Cap Rate Van Nuys, CA 91405
Investment Highlights
- Convenient Van Nuys Location- Walking Distance to Valley Presbyterian Hospital
- Rental Upside- Currently Two Vacant Units
- Well Maintained Asset- Upgraded Electrical Sub-Panels, Some Units Renovated, Newer Roof and Copper Plumbing (buyer to verify)
- Attractive Metrics- Only $235/SF
Executive Summary
PRICE ADJUSTMENT- SELLER MOTIVATED!
15022 Vanowen Street is a 23,782 square foot apartment community constructed in 1971. Situated in the Van Nuys neighborhood, the property has a combined unit mix consisting of (4) One-Bed/One-Bath units, (13) Two-Bed/One-Bath units, and (7) Two-Bed/Two-Bath units, totaling an average of 881 square feet each.
15022 Vanowen Street is a 23,782 square foot apartment community constructed in 1971. Situated in the Van Nuys neighborhood, the property has a combined unit mix consisting of (4) One-Bed/One-Bath units, (13) Two-Bed/One-Bath units, and (7) Two-Bed/Two-Bath units, totaling an average of 881 square feet each.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
|
| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,317,088 CAD | Building Class | C |
| Price Per Unit | $304,879 CAD | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 27,644 SF |
| Cap Rate | 5.56% | Average Occupancy | 92% |
| Gross Rent Multiplier | 9.52 | No. Stories | 2 |
| No. Units | 24 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 1.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price | $7,317,088 CAD |
| Price Per Unit | $304,879 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 9.52 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 27,644 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.34/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,894 CAD | 679 |
| 2+1 | 13 | $2,588 CAD | 900 |
| 2+2 | 7 | $2,636 CAD | 950 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2235-006-049 | Improvements Assessment | $2,307,477 CAD |
| Land Assessment | $3,461,220 CAD | Total Assessment | $5,768,697 CAD |
Property Taxes
Parcel Number
2235-006-049
Land Assessment
$3,461,220 CAD
Improvements Assessment
$2,307,477 CAD
Total Assessment
$5,768,697 CAD
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Pine Tree Apartments | 15022 Vanowen St
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