Van Nuys, CA 91406 15840 Vanowen Street

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Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SR25076834
  • 04/08/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 7
  • Baths • 2
  • SQFT • 3,349

Home Details

Located in the heart of Van Nuys, 15840 Vanowen St presents an outstanding value-add investment opportunity in a high-demand rental market. This well-maintained 5-unit property features a diverse unit mix of one single, two 1-bedroom, 1-bath units, and two 2-bedroom, 1-bath units, offering strong tenant appeal. Positioned on a major thoroughfare, the property benefits from excellent visibility and accessibility, making it a prime choice for investors seeking steady rental income and long-term appreciation. The building has been upgraded for durability and efficiency, featuring copper plumbing and a new roof installed in 2022, reducing future maintenance costs. Additionally, it is individually metered for gas and electricity, helping to minimize owner expenses. The property includes on-site parking with storage, a sought-after feature that adds convenience for tenants. With a tremendous rental upside, investors have the opportunity to increase cash flow as the Van Nuys market continues to grow. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Strategically located, the property provides easy access to major freeways, including I-405 and US-101, ensuring seamless connectivity to key business hubs and surrounding neighborhoods. Residents will enjoy proximity to essential shopping and transit options, including Van Nuys Costco, Van Nuys Airport, and nearby retail centers. The area's strong rental demand further enhances the property’s investment potential. With its prime location, modern upgrades, and future income growth opportunities, 15840 Vanowen St is a must-see investment for those looking to expand their multifamily portfolio.
Presented By: James Antonucci with Keller Williams Realty-Studio City; 818-381-6601

Interior Features for 15840 Vanowen Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 15840 Vanowen Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.25
Carport Spaces5.0
Carport Y/NYes
CityVan Nuys
Community FeaturesSuburban
CountyLos Angeles
Directionseast Of Van Nuys Airport, West Of the 405 Freeway
Electric Expense2360.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2360.0
Garage Spaces0.0
Garage Y/NNo
Gross Income84504.0
HOANo
Home Warranty Y/NNo
Insurance Expense3349.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet8503.0
Lot Size UnitsSquareFeet
MLS AreaVN - Van Nuys
MaintenanceExpense3279.0
MobileHomeRemainsYNNo
Net Operating Income50936.0
New ConstructionNo
Number Of Units Total5
Operating Expense31033.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot3
Taxes$12,125
Trash Expense1800.0
Water Sewer Expense2360.0
Waterfront Y/NNo
Year Built1952
Year Built SourcePublicRecords
ZoningLAR3

Exterior for 15840 Vanowen Street

Building Area Total3349.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1952
Lot Size Area8503.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
Pool Charge0.0
Private PoolNo
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $970,000
MLS#SR25076834
List Date 04/08/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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