14739 Delano Street

Van Nuys, CA 91411

$1,799,999

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $260 / sqft

1963

calendar_month Built

Property Description

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 11 bedrooms and 8 bathrooms, making it a substantial income-generating asset?1?. 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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Central Air

Listing Information

Address 14739 Delano Street
City Van Nuys
State CA
Zip 91411
County Los Angeles
Listing Agent Jinglin YUE DRE#02083986
Courtesy Of COMPASS
MLS WS23189323
List Price $1,799,999
Status Active
Type Commercial
Subtype Multi Family
Structure Size N/A
Lot Size N/A
Year Built 1963
DOM 183

Exterior Information

Maps

Listing information courtesy of: Jinglin YUE, COMPASS . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 26th, 2024 at 9:41 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.