14140 Delano St - Apartments FOR SALE


Van Nuys, CA 91401
$3,650,000 USD
626-407-7701
14140 Delano St, Van Nuys, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/9
null | 5.01% Cap Rate

14140 Delano St
Van Nuys, CA 91401


HIGHLIGHTS

  • Strong Van Nuys Location
  • Minutes from Van Nuys Downtown, County Court and Police Department
  • Seismic Retrofit Completed
  • New Roofin2024
  • New Copper Plumbing
  • Newer Paint, Refinished Asphalt Driveway

OVERVIEW

Located at 14140 Delano Street, this 18-unit multifamily property offers a standout investment opportunity in the heart of Van Nuys, one of the San Fernando Valley’s most resilient rental markets. Set on a quiet residential street, the property benefits from strong tenant demand due to its proximity to major employment hubs, retail corridors, public transportation, and convenient freeway access. The property features oversized units that appeal to long-term tenants, enhancing retention and rental stability. Recent capital improvements include a newer asphalt driveway, newer water heater, and a newer roof, significantly reducing near-term maintenance costs. Additionally, the soft-story seismic retrofit has been completed, providing enhanced structural safety and peace of mind for ownership. With below-market rents and clear value-add potential, investors can further increase returns through interior upgrades and operational efficiencies. The well-maintained condition, combined with completed major improvements, positions the asset as an ideal blend of stable cash flow and upside growth. Conveniently located near shopping, dining, schools, and everyday services, this property continues to attract a broad tenant base while maintaining excellent accessibility throughout the greater Los Angeles area. An exceptional opportunity to acquire a turnkey, well-improved multifamily asset in a core San Fernando Valley submarket.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

18

PRICE/UNIT

$202,778

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2240-022-027

ASK ABOUT THIS PROPERTY

Grady LiuMacroReal CommercialMore Info
626-407-7701

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Grady LiuMacroReal CommercialMore Info
626-407-7701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.