Thank you
Jinglin Yue
COMPASS
310-230-5478
REFINED PRICING! 5%+ CAP WITH 50% UPSIDE! Discover the potential of 14739 Delano St, a remarkable multifamily asset nestled in the vibrant heart of Van Nuys. This property, spanning 6,908 square feet, stands on a 7,503 square foot lot and comprises 13 bedrooms and 8 bathrooms, making it a substantial income-generating asset. Boasting a rich tenant history, the property has been a choice residence for long-term tenants who value the stability and convenience it offers. The strong foundation of consistent, on-time rent payments highlights the reliability of this investment. With a notable gross rent of $11,000 per month and a potential escalation to a market rent of up to $21,000, this property promises a robust income stream and a horizon of revenue growth. The unit mix is thoughtfully designed to cater to diverse tenant preferences, featuring (5) comfortable 2-bedroom units and (3) inviting 1-bedroom units, ensuring a steady occupancy rate. Ideally positioned, 14739 Delano St offers its residents effortless access to transportation, shopping, and dining venues. The proximity to 'Van Nuys Village' shopping center enriches the living experience, providing a plethora of retail outlets, eateries, and services. The highly reputed 'Van Nuys Unified School District' is a stone’s throw away, making it an attractive choice for families. The upcoming East San Fernando Valley Light Rail line, with a planned station nearby, is set to enhance transportation options, offering convenient connections to the Metrolink train and the Metro Orange and Red Lines. Don't let this fantastic investment opportunity pass you by. Contact us today to schedule a viewing and delve into the endless possibilities awaiting at 14739 Delano St, Van Nuys.
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Total Bedrooms : 13
Total Baths: 8
Full Baths: 8
Half Baths: 0
Water Source : Public
Sewer : Unknown
Fireplace: None
Central Air
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1963
None
Inside
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1722
Lot Size Source: Assessor
Lot Size Square Feet: 7503
Original List Price: 1,799,999
Listing Contract Date: 2023-10-04
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2241015017
Attached Garage: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: VN - Van Nuys
Postal Code Plus 4: 2442
Directions: Cross streets: Delano Street and Van Nuys Boulevard
Zoning: LAR3
Source Property Type: Residential
Area: VN - Van Nuys
Property SubType: Mixed Use
Property Age: 61
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Total Square Feet Living: 6908
Entry Level: 1
Entry Location: Apartment door
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Mixed Use
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
14810 Sylvan Street, Van Nuys, CA,91411 | $1,499,000 | 6 | -- | 3,576 | 8750 Sqft |
14649 Friar Street, Van Nuys, CA,91411 | $1,299,000 | 6 | 5 | 3,290 | 6755 Sqft |
14642 Calvert Street #4, Van Nuys, CA,91411 | $1,295,000 | 8 | 8 | 3,276 | 5252 Sqft |
14658 Gilmore Street, Van Nuys, CA,91411 | $2,200,000 | -- | -- | -- | 9153 Sqft |
14902 Sylvan Street, Van Nuys, CA,91411 | $1,100,000 | 10 | 5 | 3,952 | 5308 Sqft |
14843 Delano Street, Van Nuys, CA,91411 | $1,650,000 | 5 | -- | 2,448 | 7503 Sqft |
15053 Victory Boulevard.., Van Nuys, CA,91411 | $549,000 | 2 | 3 | 1,100 | 18335 Sqft |
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ByOwner last updated this listing 05/15/2024 @ 14:55
MLS: WS23191353
LISTED BY: Jinglin YUE, COMPASS
SOURCE: CRMLS
Buyer Agency Compensation: 2.25%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.