12635 Vanowen St | North Hollywood, CA 91605
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12635 Vanowen St
North Hollywood, CA 91605
Residential Property For Sale · 15 Units
Investment Highlights
- Excellent Investment Opportunity - 74% upside in Rent.
- Parking Retrofit Completed.
- Property is located west of the hollywood fwy , providing excellent commuter access to tenants.
- All units have private balconies surrounding a large courtyard.
- Main electrical panel upgraded in 2024.
Executive Summary
A 15-unit Multifamily located in Noho West with a ton of upside (74% in rental income), resulting in a proforma GRM of 8.65 and proforma CAP rate of 8.76%. The property boasts an appealing blend of units, all surrounding a stunning courtyard. Each unit offers spacious living areas and private balconies. In addition, there have been recent upgrades to the main electrical panel and the parking retrofit has been completed.
PROPERTY FACTS
| Price Per Unit | £194,606 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Net Initial Yield | 4.05% | Building Size | 11,230 SF |
| Gross Rent Multiplier | 14.8 | Average Occupancy | 100% |
| No. Units | 15 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | £194,606 |
| Sale Type | Investment |
| Net Initial Yield | 4.05% |
| Gross Rent Multiplier | 14.8 |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 11,230 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.34/1,000 SF |
Site Amenities
- Controlled Access
- Courtyard
- Gated
PROPERTY TAXES
| Parcel Number | 2324-026-005 | Improvements Assessment | £1,433,317 |
| Land Assessment | £955,544 | Total Assessment | £2,388,861 |
PROPERTY TAXES
Parcel Number
2324-026-005
Land Assessment
£955,544
Improvements Assessment
£1,433,317
Total Assessment
£2,388,861
zoning
| Zoning Code | LAR3 |
| LAR3 |
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