14835 Vanowen St, Van Nuys, CA 91405

CLEAN, Nicely Maintained 12 units. Parking for each unit plus 2 additional spaces. Respectable actual cash flow of $17k+ /mo and over $200k annually still w/ Significant upside in rents. All units have functional layouts. Eight 2+2's, three 1+1's and one 3+2. Excellent 2 story value-add apartment building, built in 1963, has 9,817 sq ft of living space situated on a 14,005 sq foot lot. Common gated pool. Building owned laundry room equipment. High resolution security camera system that can be accessed via laptop or smart phone, goes with building. Individually metered for elec & gas. Some units have private balconies. Walking distance to eateries, supermarket, banks, places of worship, substantial shopping & transpo. Soft Story engineering completed & submitted to the City however the Buyer will need to perform the actual work. We have an estimate from a Licensed Contractor for $55,500.