The El Camino Trust Buys 24-Unit Vanowen Apartments in Van Nuys for $5.25MM

The El Camino Trust has acquired Vanowen Apartments, a 24-unit low-rise community at 15022 Vanowen St. in Van Nuys, for $5.25 million, betting that a building with its roof, plumbing and electrical work already done can deliver steady returns in a San Fernando Valley market where pricing has reset and financing remains expensive.