13253 Vanowen St
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13253 Vanowen St
17 Unit Apartment Building $5,488,530 CAD ($322,855 CAD/Unit) 6.03% Cap Rate 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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$522,550
|
$45.97
|
| Taxes |
$68,607
|
$6.04
|
| Operating Expenses |
$122,943
|
$10.81
|
| Total Expenses |
$191,550
|
$16.85
|
| Net Operating Income |
$331,000
|
$29.12
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $522,550 |
| Annual Per SF | $45.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $68,607 |
| Annual Per SF | $6.04 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $122,943 |
| Annual Per SF | $10.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $191,550 |
| Annual Per SF | $16.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $331,000 |
| Annual Per SF | $29.12 |
PROPERTY FACTS
| Price | $5,488,530 CAD | Apartment Style | Low Rise |
| Price Per Unit | $322,855 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.03% | Building Size | 11,368 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 88% |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Price | $5,488,530 CAD |
| Price Per Unit | $322,855 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,368 SF |
| Average Occupancy | 88% |
| No. Stories | 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 | $5,459,150 CAD |
| Land Assessment | $3,002,533 CAD | Annual Taxes | $68,607 CAD ($6.04 CAD/SF) |
| Improvements Assessment | $2,456,617 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2327-007-110
Land Assessment
$3,002,533 CAD
Improvements Assessment
$2,456,617 CAD
Total Assessment
$5,459,150 CAD
Annual Taxes
$68,607 CAD ($6.04 CAD/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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