13059 Oxnard St
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13059 Oxnard St
17 Unit Apartment Building $3,675,000 ($216,176/Unit) 5.47% Cap Rate Van Nuys, CA 91401
Investment Highlights
- First Time on Market in over 20 Years
- Value Add | Over 20% Upside in Rents
- New Roof | Seismic Completed
Executive Summary
Marcus & Millichap is pleased to present a seventeen (17) unit apartment building located at 13059 Oxnard Street in Los Angeles,
California. The subject property is located in a prime Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard.
Built in 1965, the property contains a fantastic unit mix of four (4) one bedroom / one-bathroom units, ten (10) two-bedroom / one and a half bathroom, one (1) three-bedroom / one and a half-bathroom unit, and two (2) studio units. A majority of the units were refurbished with new flooring and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature beautiful countertops, bright white cabinets and stainless steel appliances. The two and three bedroom units are very unique, as they are split-level units with the living room, kitchen, and a half bathroom on the first floor, and the bedrooms and a full bathroom on the second floor. Residents can take advantage of the property's onsite amenities, such as laundry facilities, parking for 15 cars, a courtyard swimming pool, and a quiet tree lined property. The subject property is situated in Valley Glen, one block south of Valley Glen Community Park. Valley Glen is a dynamic and diverse family-friendly portion of the San Fernando Valley that offers plenty of fun activities, good local food, great parks, and nice well kept buildings.
California. The subject property is located in a prime Valley Glen location, north of Victory Boulevard and east of Van Nuys Boulevard.
Built in 1965, the property contains a fantastic unit mix of four (4) one bedroom / one-bathroom units, ten (10) two-bedroom / one and a half bathroom, one (1) three-bedroom / one and a half-bathroom unit, and two (2) studio units. A majority of the units were refurbished with new flooring and remodeled bathrooms and kitchens. Both the bathrooms and kitchens feature beautiful countertops, bright white cabinets and stainless steel appliances. The two and three bedroom units are very unique, as they are split-level units with the living room, kitchen, and a half bathroom on the first floor, and the bedrooms and a full bathroom on the second floor. Residents can take advantage of the property's onsite amenities, such as laundry facilities, parking for 15 cars, a courtyard swimming pool, and a quiet tree lined property. The subject property is situated in Valley Glen, one block south of Valley Glen Community Park. Valley Glen is a dynamic and diverse family-friendly portion of the San Fernando Valley that offers plenty of fun activities, good local food, great parks, and nice well kept buildings.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $3,675,000 | Apartment Style | Low Rise |
Price Per Unit | $216,176 | Building Class | C |
Sale Type | Investment | Lot Size | 0.29 AC |
Cap Rate | 5.47% | Building Size | 14,936 SF |
Gross Rent Multiplier | 10.77 | Average Occupancy | 100% |
No. Units | 17 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1965 |
Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
Price | $3,675,000 |
Price Per Unit | $216,176 |
Sale Type | Investment |
Cap Rate | 5.47% |
Gross Rent Multiplier | 10.77 |
No. Units | 17 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.29 AC |
Building Size | 14,936 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 1965 |
Parking Ratio | 0.94/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 4 | - | - |
2+2 | 10 | - | - |
3+2 | 1 | - | - |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
Parcel Number | 2331-023-004 | Improvements Assessment | $703,188 (2024) |
Land Assessment | $574,665 (2024) | Total Assessment | $1,277,853 (2024) |
PROPERTY TAXES
Parcel Number
2331-023-004
Land Assessment
$574,665 (2024)
Improvements Assessment
$703,188 (2024)
Total Assessment
$1,277,853 (2024)
zoning
Zoning Code | R3-1, Los Angeles |
R3-1, Los Angeles |
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13059 Oxnard St
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