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  • 13623 Vanowen Street

13623 Vanowen Street, Van Nuys, CA 91405

$1,025,000 Approx. USD 4 beds, 4 baths
2,728 sqft
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Photo of Sharon Miyahira

Sharon Miyahira REALTORĀ® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com
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Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com
Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278
Ventura 789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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Fax: 805-644-8278
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Listing Agent


John Boyett | John.Boyett@cbre.com
Lic#: 02056759
Broker: Courtesy of CBRE

Agent Remarks

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 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26667063
Price: $1,025,000
Beds: 4
Baths: 4
2,728 sqft
0.18 acres
Lot size: 0.1829
County: Los Angeles
Zoning: LAR3
MLS area: VG - Valley Glen

Last Updated: 6/10/2026

 Days On Market (DOM): 95

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This listing belongs to the VG - Valley Glen MLS area

Lat/Long: 34.194242, -118.429685.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Sharon Miyahira

Sharon Miyahira REALTORĀ® - Sales Associate 805-444-5622 m
805-444-5622 o
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01114829
NRDS ID: 211501887
SharonMiyahira@bhhscal.com

Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
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