14739 Delano Street, Van Nuys

$1,799,999

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0 Bed
0 Bath
.17 Acre
0 Garage

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 stoneā€™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 DelanoĀ St,Ā VanĀ Nuys.

Essential Information

MLS® #
WS23189323
Price
$1,799,999
Bathrooms
0.00
Acres
0.17
Year Built
1963
Type
Commercial Sale
Sub-Type
Multi Family
Status
Active

Community Information

Address
14739 Delano Street
Area
VN - Van Nuys
City
Van Nuys
County
Los Angeles
Zip Code
91411
Senior Community
N

Interior

Cooling
Central Air
# of Stories
2

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
October 4th, 2023
Days on Market
196
Zoning
LAR3

Listing Details

Agent
Jinglin Yue
Office
COMPASS
Property History
Price Reduced from $1,998,000 to $1,799,999
Price Reduced from $2,200,000 to $1,998,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of May 9th, 2024 at 8:10pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.