13226 Vanowen Street, North Hollywood (los Angeles), CA 91605

• 4,794 sqft

Property Description

*Financial Metrics* - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.

Listing Status:

Active

Date Added:

July 17, 2025 at 05:00AM

Listing Office:

Houze Real Estate Management : 323-852-1372

Listing Agent:

Kelly Morgan : 310-836-3638

MLS ID:

CL25566573

Interior

• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Parking: CoveredOther

Location

• County: Los Angeles

Lot

• Zoning: LAR32326014028

This listing courtesy of Kelly Morgan, Houze Real Estate Management