$2,150,000

15865 Vanowen Street, Van Nuys (los Angeles), CA 91406

  • 9,460 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1976
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $227/sqft
  • Property List Date Icon Listed 17 days ago

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

Listing Status:
Active
Date Added:
January 29, 2026
Data Last Updated:
February 15, 2026 at 7:08PM
Listing Office:
Remax Commercial and Investment Realty : 213-817-1000
Listing Agent:
Eric Dilanian : 213-233-4379
MLS ID:
CL26643693
  • Laundry: No Hookups
  • Parking: Other
  • Originating MLS: CRMLS
  • County: Los Angeles
  • Zoning: LAR32224034059
  • Source: CRMLS

This listing courtesy of Eric Dilanian , Remax Commercial and Investment Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bassett Street Elementary School

15756 Bassett St, Van Nuys, CA, 91406

Grades KG-5

0.13 miles away

L

Lake Balboa College Preparatory Magnet K-12

6701 Balboa Blvd, Van Nuys, CA, 91406

Grades KG-12

1.32 miles away

L

Lake Balboa College Preparatory Magnet K-12

6701 Balboa Blvd, Van Nuys, CA, 91406

Grades KG-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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