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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.

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
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 - -
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 33367208

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: 13059 Oxnard St, Van Nuys, CA 91401

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