1 - 14151 Delano Street
1 - 14151 Delano Street

2 - 14151 Delano Street
2 - 14151 Delano Street

4 - 14151 Delano Street
4 - 14151 Delano Street

1 - 14151 Delano Street
1 - 14151 Delano Street

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14151 Delano Street

Van Nuys, CA 91401

SOLD
Property Summary

Price:

Cap Rate:

GRM:

Gross Sq Ft:

Lot Size:

Approx Year Built:

Units:

Price Per Unit:

Price Per Sq Ft:

$900,000

4.70%

12.61

6,251

7,497 SF

1965

8

$112,500

$144

Deal Highlights
  • Sold at 98% of List Price

  • Multiple Offers

  • 1031 Exchange Buyer

Asset Highlights
  • Copper/Galvanized Plumbing

  • Excellent Unit Mix

  • Dense Rental Pocket of Van Nuys

  • Onsite Parking

Property Description

The subject property is located at 14151 Delano Street in between Van Nuys Boulevard and Hazeltine Avenue in the city of Van Nuys. This investment opportunity is a eight unit apartment complex located within a strong rental pocket of Van Nuys. This well maintained and operated rent controlled building was built in 1965. The building consists of four one-bedroom/one-bath units, and two two-bedroom/one-bath units.

 

The building contains a blend of copper and galvanized plumbing and has ample onsite parking and storage space. The on-site laundry room provides the owner with additional monthly income.