13253 Vanowen St
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13253 Vanowen St
17 Unit Block of Flats £2,973,310 (£174,901/Unit) 6.03% Net Initial Yield North Hollywood, CA 91605
Investment Highlights
- Non-RSO Building Built in 1984
- 2 Vacancies - Immediately Attain Market Rent
- Valley Glen Sub-market
- Next Rent Increases Due in September
- Strong Value-add Potential w/ Rental Upside
- 1 Bedroom & 2 Bedroom Unit Mix
Executive Summary
13253 Vanowen St offers Investors a true value-add investment opportunity in a well located asset. With a list price at $3,825,000, this property consists of 17 units across 11,368 square feet, situated on a 13,652 square foot lot. Built in 1984, the Non-RSO building harmoniously combines mid-century construction with functionality.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£283,082
|
£24.90
|
| Taxes |
£37,166
|
£3.27
|
| Operating Expenses |
£66,602
|
£5.86
|
| Total Expenses |
£103,769
|
£9.13
|
| Net Operating Income |
£179,313
|
£15.77
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £283,082 |
| Annual Per SF | £24.90 |
| Taxes | |
|---|---|
| Annual | £37,166 |
| Annual Per SF | £3.27 |
| Operating Expenses | |
|---|---|
| Annual | £66,602 |
| Annual Per SF | £5.86 |
| Total Expenses | |
|---|---|
| Annual | £103,769 |
| Annual Per SF | £9.13 |
| Net Operating Income | |
|---|---|
| Annual | £179,313 |
| Annual Per SF | £15.77 |
Property Facts
| Price | £2,973,310 | Apartment Style | Low Rise |
| Price Per Unit | £174,901 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Net Initial Yield | 6.03% | Building Size | 11,368 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 88% |
| No. Units | 17 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Price | £2,973,310 |
| Price Per Unit | £174,901 |
| Sale Type | Investment |
| Net Initial Yield | 6.03% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 17 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,368 SF |
| Average Occupancy | 88% |
| Number of Floors | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.49/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 600 |
| 2+1 | 4 | - | 700 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 2327-007-110 | Total Assessment | £2,937,968 |
| Land Assessment | £1,615,883 | Annual Taxes | £37,166 (£3.27/sf) |
| Improvements Assessment | £1,322,085 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2327-007-110
Land Assessment
£1,615,883
Improvements Assessment
£1,322,085
Total Assessment
£2,937,968
Annual Taxes
£37,166 (£3.27/sf)
Tax Year
2024
zoning
| Zoning Code | R3, Los Angeles (Residential) |
| R3, Los Angeles (Residential) |
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13253 Vanowen St
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