14837 Delano Street, Van Nuys, CA 91411

$1,800,000
14
BD
8
BA
6,489
SqFt
List Price
$1,800,000
MLS#
19500754
Bedrooms
14
Bathrooms
8
Living Sq. Ft
6,489
Lot Size
7,503
Property Type
Multifamily
Status
Active

Property Description

We are proud to present these 8 units located at 14837 Delano Street in Van Nuys, California. The property is comprised of an excellent unit mix of One- Studio / 1 Bathroom unit and Seven- 2 Bedroom / 1 Bathroom units. The offering is situated on a 7,503-square foot lot with 6,489-square foot of gross rentable area and features individual meters for gas and electricity and copper plumbing throughout. With rents approximately 27% below market, this investment provides a savvy investor the opportunity to raise rents to market and achieve greater cash flow.Van Nuys is located in the central San Fernando Valley region of Los Angeles and is strategically located near pockets of economic and development activity. It is home to the Van Nuys Airport and the Valley Municipal Building and is the only neighborhood in the San Fernando Valley with a population exceeding 100,000 residents.

Additional Information

Units
8
Net Operating Income
$83,053
Total Parking Spaces
8
Year Built
1964
View
Parking
Other
Heat
Other
Cooling
Other

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Marcus & Millichap, Filip Niculete.

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