13226 Vanowen ST North Hollywood CA 91605 MLS #25566573

*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.