13015 Vanowen Street, North Hollywood, CA 91605

Property Description

Built in 1984, 13015 Vanowen Street is a well-maintained multifamily investment featuring a desirable mix of studios, one-bedroom, and two-bedroom units—appealing to a wide tenant base and supporting strong occupancy. The property offers efficient layouts and clear upside potential through targeted renovations. Investors can also capitalize on the opportunity to convert the (5) single-car garages into ADUs for additional income (Buyer to verify), while the property’s 10 surface parking spaces provide added tenant convenience. Additionally, the property benefits from AB 1482 rent control, allowing annual rent increases of up to 5% plus CPI, ensuring long-term income stability. Situated on Vanowen Street and Coldwater Canyon Avenue in the San Fernando Valley, the property enjoys a central location in a high-demand rental market with convenient access to shopping, dining, schools, and major transportation corridors including the 405, 101, and 170 freeways. The area continues to experience steady growth, with strong employment hubs and revitalized retail corridors driving demand for quality rental housing. Its strategic location and neighborhood amenities make 13015 Vanowen Street a compelling and enduring investment opportunity.