We are pleased to present 13825 Vanowen Street, this two-story building contains 10,793 rentable square feet. Even with the possibility to quickly capture market rents since two units are scheduled to be delivered vacant at close of escrow, the remainder of the building features rents that are approximately 36% below market level, allowing the opportunity to continually improve income.Rent growth has been steady in Valley Glen, one of the denser neighborhoods of Van Nuys, near the borders of Valley Village and North Hollywood. Through the third quarter of 2018, average effective rents have increased by 2.7%. Meanwhile, vacancy rates have remained tighter than the Los Angeles Metro average, with Van Nuys only reaching a 2.7% vacancy rate, one of the lowest in the metro area, compared to 36% for Greater Los Angeles.