Active

13623 Vanowen Street

Van Nuys, CA 91405

$1,025,000 $4,321/Mo

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Overview

Bed

Bath

2,728

Sqft

7,969

Sqft(Lot)

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, tw o (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 the Los Angeles City Rent Stabilization Ordinance (RSO), which governs allowable annual rent increases and tenant protections. The two vacant units represent a near-term opportunity to reset rents to current market levels, providing a meaningful avenue for income growth within the RSO framework. Van Nuys's enduring residential appeal further strengthens the investment profile of 13623 Vanowen Street. The neighborhood is widely recognized as the most populous community in the San Fernando Valley, offering residents a blend of everyday convenience, cultural diversity, and strong community infrastructure. The property sits just steps from Van Nuys Recreation Center on Vanowen and Tyrone, which features athletic fields, tennis courts, a gymnasium, and year-round programming for all ages. Nearby green spaces include the expansive Sepulveda Basin Recreation Area and the popular Lake Balboa/Anthony C. Beilenson Park, both offering abundant outdoor recreation for families and renters alike. The area is served by a range of educational options within LAUSD, including Van Nuys Elementary School, Van Nuys Middle School home to a nationally recognized magnet program and Van Nuys Senior High School, one of the top-ranked magnet high schools in Los Angeles. Proximity to major employment corridors along Sepulveda Boulevard and Van Nuys Boulevard, combined with convenient access to the 405 freeway and Metro G Line transit, ensures consistent rental demand from commuters across the region. With its prime Van Nuys location, favorable unit mix, two vacant lease-up units, and strong in-place income, 13623 Vanowen Street presents a compelling opportunity for investors and owner-users alike seeking a stable, well-positioned asset in one of the San Fernando Valley's most accessible and enduring residential submarkets.

Property Details

Property Type : Residential Income

Price : $1,025,000

AD Id : 76301740

MLS Id : 26667063

Beds : 4

Lot Size : 7,969 Sqft

Living Area Size : 2,728

Year Built : --

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 4 Full Baths: 0 Half Baths: 0

Building Information

Building Area Total: 2,728

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1829
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7969

Listing Price Information

Original List Price: 1,025,000 Listing Contract Date: 2026-03-18
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 2328013006

Other Property Info

Source Listing Status: Active Source Neighborhood: VG - Valley Glen Directions: On Vanowen Zoning: LAR3 Source Property Type: Residential Income Area: VG - Valley Glen
Building and Construction

Year Built Source: Vendor Enhanced Total Square Feet Living: 2728 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
7560 Woodman Place #65, Van Nuys, CA, 91405	$145,000	2	1	768	768 SqFt
13617 Leadwell, Van Nuys, CA, 91405	$1,050,000	--	--	4,080	4,080 SqFt
13445 Vanowen Street, Van Nuys, CA, 91405	$2,900,000	--	--	7,726	7,726 SqFt
13732 Wyandotte Street, Van Nuys, CA, 91405	$899,000	3	1	1,317	1,317 SqFt
13739 Wyandotte, Van Nuys, CA, 91405	$1,049,999	3	3	1,590	1,590 SqFt
13631 Vanowen Street, Van Nuys, CA, 91405	$2,180,000	8	--	6,939	6,939 SqFt
13638 Hartland, Van Nuys, CA, 91405	$830,000	4	3	1,632	1,632 SqFt
13907 - 13909 Wyandotte, Van Nuys, CA, 91405	$1,025,000	4	3	1,642	1,642 SqFt
13915 Sherman Way, Van Nuys, CA, 91405	$3,750,000	27	--	16,144	16,144 SqFt
13825 Vanowen St, Van Nuys, CA, 91405	$2,900,000	--	--	10,793	10,793 SqFt

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ByOwner last updated this listing 06/08/2026 @ 05:08

MLS: 26667063 LISTED BY: John Boyett, CBRE SOURCE: CRMLS