Price Reduced and unit 5 became vacant, projected at $1800, decreases the GRM to 14.22.15919 Vanowen is a great income producing 9-unit apartment building, located near Lake Balboa in Van Nuys.  The property has a total of 6,450 gross rentable square feet situated on an 8,517 square foot lot.  Boasting a total of 12 bedrooms and 9 bathrooms with a notable unit mix of (3) 2+1's and (6) 1+1's. Huge value add opportunity with over 40% upside in rents. Amenities includes covered parking for tenants and on-site laundry for extra income. Easy access to the 405 and major Metro public transportation stops. Units are separately metered for gas and electricity. The Seller will be completing a 1031 Exchange and Buyer to cooperate at no cost or liability to Buyer. Soft-Story Retrofit has already been paid for by the Seller and the work is set to begin 8/20/19.

The manager has listed the unit size as 6450 square feet.