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22913 Vanowen St

4 Unit Block of Flats £1,565,817 (£391,454/Unit) 2.69% Net Initial Yield West Hills, CA 91307

Investment Highlights

  • One vacancy for an owner-user
  • Three 2- car garages plus 2 additional parking spaces
  • Maintained to a high standard

Executive Summary

Truly an A++ fourplex from owners who refreshingly take extreme pride in their properties & maintain them to a very high standard. This is a rare opportunity to acquire one in a row of only seven of these prime properties situated within this desirable West Hills locale. One 2-bed unit will be delivered vacant to afford the option for an owner-user to move right in to this remodeled showplace featuring smooth ceilings, recessed lighting, beautiful flooring, gorgeous kitchen & baths & a massive private patio leading to a 2-car garage. Additional units consist of an amazing 3+2 & two more beautifully updated 2+2’s. Three of the four units each enjoy a private garage & there are also two additional parking spaces. Amazing upgrades includes a new roof & gutters installed 8 years ago. Unit #1 features a newer kitchen, newer electrical & plumbing, updated bathrooms, newer windows, 1 slider & newer flooring, Unit #2 features newer carpet upstairs, Unit #3 delivers a newer a/c, newer kitchen, updated bathrooms, newer electrical, newer flooring & 3 newer windows. Unit #4 offers newer a/c, newer flooring, updated electrical, newer plumbing & updated bathrooms. This is a must see for all buy & hold investors & owner-users can take advantage of low downpayment conventional programs to live in one & collect rental income from the others. How incredible is it that you & your tenants can leave your cars at home & simply stroll across the street to the Fallbrook Center to dine, shop, work-out or enjoy a movie. Keep in mind an additional appx $32,000 annually will be added to the gross income if/when you lease the vacant unit. This is an extraordinary find indeed....Must see!!

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,565,817
Price Per Unit £391,454
Sale Type Investment
Net Initial Yield 2.69%
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.19 AC
Building Size 4,197 SF
Average Occupancy 75%
Number of Floors 2
Year Built/Renovated 1971/2021
Parking Ratio 0.95/1,000 SF

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 1 £2,428 1
2+2 3 £1,772 1
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2026-008-030
Land Assessment
£391,328
Improvements Assessment
£586,992
Total Assessment
£978,321

zoning

Zoning Code LARD2 (two-family dwelling)
LARD2 (two-family dwelling)
  • Listing ID: 33591393

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 22913 Vanowen St, West Hills, CA 91307

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