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$3,695,000

Beds
Unknown
sq ft
11,230

12635 Vanowen St, North Hollywood, CA 91605

12635 Vanowen St

North Hollywood, CA 91605

  • 98 days on market
A 15-unit Multifamily Located in Noho West With a Ton of Upside (74%). the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $250K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.65 and Proforma CAP rate of 8.76%. EQ Retrofitting has been completed and main electrical panel and subpanels have been upgraded in 2024.

Details

Property type

Apartment

Est. home value

$3,152,913

Lot size

0.3164 acres

Price per sq ft

$330

Year built

1958

Price History

03/27/2024
CRMLS

CRMLS #BB24059768

Listed
$3,695,000
+26.32%
11/24/2021
CLAW

CLAW #21783020

Sold
$2,925,000

Schools & Community

Neighborhood: 

Valley Glen

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Golden State Bank

Loan start date

November 2021

Original loan amount

$2,193,750

Est. remaining balance

Not provided

Interest rate

2.12%

Loan type

Building or Construction Loan, 10 year

Seller

Premier Group 21 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 8:00 AM

Listing updated: 03/27/2024 at 2:20 PM

Listed by: David Nalbandyan, LA Premier Realty Phone #: (855) 525-7653

MLS: CRMLS #BB24059768

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