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$2,150,000

Est. payment - /mo

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15 Beds

16 Baths

9,460 SqFt

New

15865 Vanowen ST Van Nuys, CA 91406

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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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

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Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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