Property Detail

13623 Vanowen

Van Nuys CA 91405

$1,025,000

Status: Active

Property Details

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 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.

Map Location

Listing provided courtesy of John Boyett of CBRE. Last updated 2026-04-01 08:10:26.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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