14739 Delano Street, Van Nuys, CA 91411
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Listed Price :
$1,799,999
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Beds :
13
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Baths :
8
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Property Size :
6,908 sqft
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Year Built :
1963
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 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.
Interior Features
Bedroom Information |
Bedrooms |
13 |
Bathroom Information |
Bathrooms |
8 |
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 |
List Price |
$1,799,999 |
Status |
Active |
Type |
Residential |
Subtype |
Commercial/Residential |
Structure Size |
6,908 |
Lot Size |
7,503 |
Year Built |
1963 |
Listing information courtesy of: Jinglin YUE, COMPASS. *Based on information from the Association of REALTORS/Multiple Listing as of May 28th, 2024 at 7:41 PM 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.