22855 Vanowen, West Hills, California 91307, West Hills, 91307 - bed, bath
ACTIVE$1,650,000
22855 Vanowen, West Hills, California 91307
0Bed
0Bath
4,293Sqft
8,125Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: This is a well-maintained 4-unit multifamily property, offering multiple income streams and a stable investment opportunity.
Top Cons:
Property Age: Built in 1971, the property is over 50 years old, which may lead to higher maintenance costs or require significant capital expenditures for major system upgrades in the future.
Compared to the nearby listings
Price:$1.65M vs avg $1.25M (+$400,000)67%
Size:4,293 sqft vs avg 2,078 sqft67%
Price/sqft:$384 vs avg $60233%
More Insights
Built in 1971 (54 years old).
Condition: Built in 1971, this property is over 50 years old. While described as 'well maintained' with 'central HVAC,' the images reveal kitchens and bathrooms with significantly outdated styles, including white square tile backsplashes, laminate countertops, older cabinets, and frosted glass shower doors. Popcorn ceilings are visible throughout. The flooring varies between wood-look laminate, carpet, and dated ceramic tiles. The property is functional and appears to be maintained, but it has not undergone major modern renovations in the last 15-30 years, requiring substantial aesthetic updates to meet current market expectations.
Year Built
1971
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$384
HOA
-
Days on market
-
Sold On
-
MLS number
SR25266566
Home ConditionFair
Features
Patio
View-
About this home
We are pleased to present this well maintained & spacious 4-unit multifamily property strategically situated in a highly desirable area of West Hills. This property is conveniently located across Fallbrook Center which very well known with trendy boutiques, restaurants, department stores, movie theater and shops. The property consists, 1 unit with 3 bedrooms and 2 bath and 3 units with 2 bedrooms and 2 baths, spacious living room, dining area and nice kitchen. Unit number 2 is two stories has private patio. One unit can be delivered vacant it will give the option to buyer for an owner-user, currently is for lease for $2,500 per month. Additional features include, central HVAC, onsite laundry 3 of 4 units each have their private 2 car garage and 2 additional parking spaces. The building is separately metered for electricity. This is a great opportunity to own this exceptional property.
Price History
Date
Event
Price
10/04/00
Sold
$369,000
10/08/98
Sold
$320,500
Condition Rating
Fair
Built in 1971, this property is over 50 years old. While described as 'well maintained' with 'central HVAC,' the images reveal kitchens and bathrooms with significantly outdated styles, including white square tile backsplashes, laminate countertops, older cabinets, and frosted glass shower doors. Popcorn ceilings are visible throughout. The flooring varies between wood-look laminate, carpet, and dated ceramic tiles. The property is functional and appears to be maintained, but it has not undergone major modern renovations in the last 15-30 years, requiring substantial aesthetic updates to meet current market expectations.
Pros & Cons
Pros
Income-Generating Quadruplex: This is a well-maintained 4-unit multifamily property, offering multiple income streams and a stable investment opportunity.
Prime Location & Amenities: Strategically situated in a highly desirable area of West Hills, directly across from Fallbrook Center, providing tenants convenient access to trendy boutiques, restaurants, department stores, and entertainment.
Owner-User Potential: One unit can be delivered vacant, offering flexibility for an owner-user to occupy a unit or for a buyer to immediately lease at market rates.
Strong Tenant Features: Units boast spacious layouts (1x 3/2, 3x 2/2), central HVAC, onsite laundry, and private 2-car garages for three of the four units, enhancing tenant appeal and retention.
Operational Efficiency: The building is separately metered for electricity, simplifying utility management for the landlord and promoting tenant accountability.
Cons
Property Age: Built in 1971, the property is over 50 years old, which may lead to higher maintenance costs or require significant capital expenditures for major system upgrades in the future.
Limited Renovation Details: While described as 'well maintained' with 'nice kitchens,' the listing lacks comprehensive details on recent renovations or updates to all units, potentially implying future upgrade costs for bathrooms or other areas.
No Scenic Views: The property explicitly states 'view: None,' which might limit its premium appeal compared to properties offering desirable vistas.