15624 Vanowen St

This property in Van Nuys, California, presents a prime covered land opportunity featuring an existing eight-unit apartment complex situated on a +/-20,650 square foot lot, with a total rental unit space of +/-6,870 square feet.

Currently, there are four vacant units that upon lease up will be generating a monthly income of $16,708, the property includes two single-family homes alongside the six-unit apartment complex that have been outfitted with all copper plumbing and newer roofs. For developers, the site offers unlimited density for affordable housing projects, allowing for flexible unit design and the potential to build up to 39 units under transit oriented community guidelines. Conveniently located adjacent to the 405 Freeway, with easy access to Highway 101 and Lake Balboa Park, this location provides excellent connectivity and development potential.

This home located at 15624 Vanowen ST is currently active and has been available on pardeeproperties.com for 75 days. This property is listed at $2,300,000. It has 8 beds and 4 bathrooms. The property was built in 1956. 15624 Vanowen ST is in the East Van Nuys community of Los Angeles County.

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