REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,150,000
Est. payment | /mo
15 Beds
16 Baths
9,460 SqFt
$ 2,150,000
Est. payment | /mo
15 Beds
16 Baths
9,460 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,460 sqft
Price per Sqft $227
MLS Listing ID 26643693
Bedrooms 15
HOA Y/N No
Year Built 1976
Lot Size 0.310 Acres
Lot Dimensions Assessor
Property Description
We are pleased to present for sale this 16-unit value-add multifamily investment opportunity located at 15865 Vanowen Street in the desirable Lake Balboa neighborhood of Van Nuys, with potential for detached ADU development. Constructed in 1976, the property encompasses approximately 9,460 square feet of building area on a large 13,494 square foot lot. Zoned R3-1, the unit mix consists of fifteen (15) one-bedroom/one-bath units and one (1) studio unit. The asset presents investors with a compelling low-basis acquisition andsignificant upside potential in a high-demand rental corridor. The property benefits from its proximity to several of the San Fernando Valley's most established neighborhoods, including Van Nuys, Lake Balboa, Sherman Oaks, North Hollywood Arts District, and Encino. Residents enjoy convenient access to major employment centers, retail, dining, and public transportation. The location carries a Walk Score of 66 ("Somewhat Walkable"), allowing select daily errands to be completed on foot. Investors have the opportunity to capture immediate upside through a vacant unit and to explore the potential development of up to eight (8) detached ADUs pursuant to SB 1211 (buyer to verify all feasibility, zoning, and entitlement requirements) Disclosure: Buyers are to conduct thorough and independent due diligence, including verifying building square footage, lot size, legal bedroom/bathroom count, parking availability, unit mix, year built, zoning, market rents, and the feasibility of ADUs or additional units. DO NOT DISTURB TENANTS OR ENTER THE PROPERTY - DRIVE-BY ONLY.
Location
State CA
County Los Angeles
Area Lkbl - Lake Balboa
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Parking Features Driveway Down Slope From Street, Driveway
Total Parking Spaces 17
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2224034059
Special Listing Condition Standard
Listed by Eric Dilanian Remax Commercial and Investment Realty
GET MORE INFORMATION
Brian Harmatz
MBA, BROKER/REALTOR® | Lic# 01917845