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14767 Delano Street

Van Nuys, CA 91411

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$1,185,000

4.88%

12.34

5,985

7,401

1986

8

$148,125

$198

Deal Highlights
Property Description

The Frydman Group is proud to present 14767 Delano Street, Van Nuys, CA 91411. Built in 1986, the building is a two story,5,985-square foot, eight-unit complex consisting of four two-bedroom\one-bathroom units and four one-bedroom\one-bathroom units. Tenants benefit from the building's amenities such as secured entrance, gated parking, and onsite laundry.

 

The building is perfectly situated in the heart of the valley just south of Victory Boulevard, between Sepulveda Boulevard and Van Nuys Boulevard. The property provides convenient access to both the 101 and 405 freeways, as well as countless places for dining and entertainment.

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This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents, and own a newer construction, investment property in a strong and centrally located rental pocket of Van Nuys.

  • Sold at 99% of List Price

  • Multiple Offers

  • First Time Multi-Family Buyer

Asset Highlights

  • Non-Rent Control, 1986 Construction

  • Strong Rental Market of Van Nuys

  • Upside in Rents

  • Close to Shopping, Public Transportation, Entertainment,

  • Schools, Major Freeways, and Employment

  • Newer Roof

  • On-Site Laundry

  • Great Unit Mix of One-Bedroom and Two-Bedroom Units

  • Well-Maintained Building

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