14240-14244 Delano St - Apartments FOR SALE


Van Nuys, CA 91401
$2,150,000 USD
818-402-9295
14240-14244 Delano St, Van Nuys, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

14240-14244 Delano St
Van Nuys, CA 91401


HIGHLIGHTS

  • Two side by side 4-plexes
  • Great location near Courthouse
  • Possible to add up to 2 ADU to each parcel

OVERVIEW

NAI Capital Commercial is proud to present an exceptional investment opportunity: the "Twin Sister" 4-plexes at 14240 & 14244 Delano Street, Van Nuys. Affordable: Each Property Priced at ($1,075,000!) Ideally located in a high-demand rental corridor, these gated properties are offered as a pair (to be sold concurrently) and sit on a spacious double LAR3-zoned lot totaling 15,003 SF. Each building features a desirable and in-demand unit mix of four large 2-bedroom, 1-bath apartments. These side-by-side quads provide a total of 8 income-producing units, each thoughtfully designed and housed within Cape Cod-inspired architecture, exuding charm and curb appeal. With existing rents approximately 68% below market, this asset offers a significant value-add opportunity through unit modernization and lease repositioning. Furthermore, the private garages at the rear of the property presents the opportunity to potentially add 2 ADU's (buyer to verify with the city of Los Angeles). If you're an investor seeking a strong, long term, value-add investment with huge rental upside, or a 1031 exchange buyer seeking a solid upleg or downleg, Contact NAI Capital Commercial today to receive the full investment package. All offers to be presented with proof of funds and schedule of real estate. Drive by only, do not disturb tenants. Tours of the property will only be given upon accepted offer.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

8

PRICE/UNIT

$268,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,998 SF

ZONING

LAR3

APN/PARCEL ID

2240-021-003,2240-021-004

ASK ABOUT THIS PROPERTY

Michael VaraNAI CapitalMore Info
818-402-9295

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Michael VaraNAI CapitalMore Info
818-402-9295

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