Jeremiah Moersch REALTOR®
Office: 760-533-2540
14739 Delano Street, Van Nuys
$1,799,999
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13 Beds
8 Baths
6,908 Sqft
.17 Acre
2 Garages
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.
Essential Information
- MLS® #
- WS23191353
- Price
- $1,799,999
- Bedrooms
- 13
- Bathrooms
- 8.00
- Full Baths
- 8
- Square Footage
- 6,908
- Acres
- 0.17
- Year Built
- 1963
- Type
- Residential
- Sub-Type
- Mixed Use
- Status
- Active
Community Information
- Address
- 14739 Delano Street
- Area
- VN - Van Nuys
- City
- Van Nuys
- County
- Los Angeles
- Zip Code
- 91411
- Community Features
- Sidewalks, Street Lights
- Senior Community
- N
Amenities
- Parking Spaces
- 2
- # of Garages
- 2
- View
- Neighborhood
- Pool
- None
Interior
- Cooling
- Central Air
- Fireplaces
- None
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- 0-1 Unit/Acre
School Information
- District
- Los Angeles Unified
Additional Information
- Date Listed
- October 4th, 2023
- Days on Market
- 185
- Zoning
- LAR3
Listing Details
- Agent
- Jinglin Yue
- Office
- COMPASS
Property History
Price Reduced from $1,800,000 to $1,799,999
Price Reduced from $1,998,000 to $1,800,000
Price Reduced from $2,200,000 to $1,998,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 11th, 2024 at 4:40am 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.