14258 Vanowen St, Van Nuys, CA 91405

The Casa Vanowen Apartments were built in 1965, is a two story walk-up with parking, carports and laundry located in the rear of the building. This is the first time since 1969 that this property has been on the market and offers an investor the opportunity to reposition the asset thereby increasing the value significantly. Rents are considerably below market, this offers an investor long term benefit with significant cash flow increases as rents are adjusted upwards. the earthquake retrofit has been completed, rents have been adjusted with the tenants portion included in the income. Seller is currently awaiting approval for this legal increase. Inside with an accepted offer. Do not disturb tenants. They don't know the property is for sale.