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Investment Highlights

  • All Electric Meters and panels upgraded in 2025. No Soft Retrofiting is required.Low maintenace
  • Always 100% occupied. Easy to Rent. High traffic area. 2 Driveway access, from Vanowen & Orion.

Executive Summary

All Electric Meters and Main panels upgraded in 2025. No Soft Retrofitting is required.Low maintenance. Always 100% occupied. Easy to Rent. High Traffic area. 2 Drive way access, from Vanowen & Orion. Close to Freeways, schools, shopping. Extra large lot 30,109 SQ FT, Rentable building area is 16,808 SQ FT, Total of 24 Units with great combination consisting of 16 Units of 1 Bedroom, 8 Units of 2 Bedrooms. Additional income from 4 laundry stations, 1 at each building. Several units been upgraded.

Attachments

OM Final Vanowen

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $583,436 $34.71
Other Income $4,760 $0.28
Vacancy Loss - -
Effective Gross Income $588,195 $34.99
Taxes $80,065 $4.76
Operating Expenses $84,778 $5.04
Total Expenses $164,844 $9.81
Net Operating Income $423,352 $25.19

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $583,436
Annual Per SF $34.71
Other Income (CAD)
Annual $4,760
Annual Per SF $0.28
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $588,195
Annual Per SF $34.99
Taxes (CAD)
Annual $80,065
Annual Per SF $4.76
Operating Expenses (CAD)
Annual $84,778
Annual Per SF $5.04
Total Expenses (CAD)
Annual $164,844
Annual Per SF $9.81
Net Operating Income (CAD)
Annual $423,352
Annual Per SF $25.19

Property Facts

Price $7,522,240 CAD
Price Per Unit $313,427 CAD
Sale Type Investment
Cap Rate 5.63%
Sale Condition 1031 Exchange
No. Units 24
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.69 AC
Building Size 16,808 SF
Average Occupancy 100%
No. Stories 2
Year Built 1956
Parking Ratio 1.43/1,000 SF
Opportunity Zone Yes
Zoning R3, Los Angeles

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 - -
2+1 8 - -
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 2234-025-017
  • 2234-025-019
Land Assessment
$2,564,968 CAD (2025)
Improvements Assessment
$3,847,454 CAD (2025)
Total Assessment
$6,412,422 CAD (2025)
Annual Taxes
$80,065 CAD ($4.76 CAD/SF)
Tax Year
2024
  • Listing ID: 37295565

  • Date on Market: 2025-08-15

  • Last Updated:

  • Address: 15445 Vanowen St, Van Nuys, CA 91406

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