13623 Vanowen Street, Van Nuys (los Angeles), CA 91405

• 3 beds
• 2,728 sqft

Property Description

We are pleased to present an exceptional opportunity to acquire 13623 Vanowen Street, a well-maintained 4-unit apartment community located in the heart of Van Nuys one of the San Fernando Valley's most centrally positioned and supply-constrained rental markets. Built in 1947, the property reflects consistent upkeep and presents a compelling blend of stable in-place income and meaningful near-term upside. With two vacant units a one bedroom/one bath and a studio the offering presents an excellent opportunity for immediate lease-up or an owner-user seeking flexible occupancy. Situated on a 7,967 square foot lot across two buildings, the property totals 2,728 square feet of gross building area with an average unit size of 682 square feet. The asset features a unit mix of one (1) studio, two (2) one bedroom/one bath units, and one (1) two bedroom/one bath house. Current rents average $1,650 for the studio, $1,448 for the one bedroom/one bath units, and $1,985 for the two bedroom/one bath unit, generating a scheduled monthly rent of $6,530 and scheduled yearly rent of $78,360. At current rents, the property operates at a 4.09% cap rate and 13.08 GRM, with a market cap rate of 6.17% and 9.89 GRM reflecting 32% upside to market rents. As a 1947 construction, the property is subject to t

Listing Status:

Active

Date Added:

March 18, 2026

Data Last Updated:

April 2, 2026 at 4:06AM

Listing Office:

Datashare CR Default Office Don't Delete :

Listing Agent:

John Boyett : 707-815-7472

MLS ID:

CL26667063

Exterior

• Parking: Parking spaces: 0

Location

• County: Los Angeles

Lot

• Zoning: LAR32328013006