Van Nuys, CA 91405,14929 VANOWEN ST

$2,700,000

$2,865,000

5.8%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 02/10/2017

Key Details

Sold Price $2,700,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 16174162

Sold Date 02/10/17

HOA Y/N No

Year Built 1953

Property Description

Price Reduction of $220,000. 14929 Vanowen Street presents a unique opportunity to invest in a recently upgraded multifamily property with rent upside potential. Over the course of the last 3 years the current owner has renovated units upon turnover by installing laminate flooring, new kitchen cabinets, granite countertops and new bathroom vanities.To date, approximately 50% of the units have been upgrading leaving room for a new investor to reposition the remaining units,perform a renovation and capture the over 20% upside that exists in rents.In addition to upgrading the unit interiors, the current owner has also recently installed all new windows throughout which will serve to improve insulation in both hot and cold weather, enhance the curb appeal of the property and better sound proof each unit.The exterior of the property was also recently painted and new front entry doors were installed in each unit.

Location

State CA

County Los Angeles

Area Vn - Van Nuys

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Unassigned

Building

Story 2

Others

Tax ID 2220018021

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Harrington • Matthews Retail Group, Inc.
Bought with David Harrington • Matthews Retail Group, Inc.
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+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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