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13061 Vanowen Street

North Hollywood, CA 91605
  • $7,500,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: PV21251313
UPDATED: 62 min ago
$7,500,000
  • 0
    BEDS
  • 0.56
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Frank Ponce of Coldwell Banker Realty (310-378-5201)


Description

This well maintained 27-unit apartment building has all 2-bedroom, 1-bath units. This property is located in North Hollywood which a great renter's market. The Studio City/North Hollywood Submarket offers a desirable, central location and relative affordability compared to several nearby neighborhoods. The submarket has seen robust tenant demand during the past several quarters. Vacancy is down and currently 3.4%. Regarding rents, rates have been on the rise year to date. Asking rates are up 4.6% compared to 12 months ago.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T14:30:10.3. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Elevate Palm Springs. Licensed in the State of California, USA.
www.elevatepalmsprings.net/homes/123489464
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13061 Vanowen Street North Hollywood, CA 91605

  • Price: $7,500,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 62 min ago
  • ID#: PV21251313
0
Beds
0
Baths
0
½ Baths
0.56
Acres
1962
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
This well maintained 27-unit apartment building has all 2-bedroom, 1-bath units. This property is located in North Hollywood which a great renter's market. The Studio City/North Hollywood Submarket offers a desirable, central location and relative affordability compared to several nearby neighborhoods. The submarket has seen robust tenant demand during the past several quarters. Vacancy is down and currently 3.4%. Regarding rents, rates have been on the rise year to date. Asking rates are up 4.6% compared to 12 months ago.
Exterior Features

Construction Materials AsphaltBlockConcrete Fencing Wrought Iron Lot Features 0-1 Unit/AcreLevelRectangular Lot Roof Asphalt Sign On Property YN No

Interior Features

Cooling None Cooling YN No Heating RadiantWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 3.31 Common Interest Community Apartment Electric 220 Volts Electric Expense 3600 Gross Scheduled Income 422655 Insurance Expense 12426 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 18277 Net Operating Income 279663 Number Of Units Leased 27 Operating Expense 154415 Other Expense 5280 Property Sub Type Multi Family Special Listing Conditions Standard Tax Year 2021 Trash Expense 5482 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 21133 Vacancy Allowance Rate 5 Water Sewer Expense 3600 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-20T14:30:10.3. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Elevate Palm Springs. Licensed in the State of California, USA.
 
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Elevate Palm Springs
668 N Palm Canyon #208
Palm Springs CA, 92240
Listing Agent(s): Frank Ponce of Coldwell Banker Realty (310-378-5201)