Van Nuys, CA 91401,14202 Delano Street

$1,525,000

$1,565,000

2.6%
Est.Price: ?

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Est. payment /mo

7 Beds

4 Baths

7,502 Sqft Lot


SOLD DATE : 10/27/2023

Key Details

Sold Price $1,525,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR23200057

Sold Date 10/27/23

Bedrooms 7

HOA Y/N No

Lot Size 7,502 Sqft

Property Description

Sherman Oaks adjacent 6 unit building near Hazeltine Ave and Oxnard St. Excellent unit mix of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units, including 1 Section 8 tenant. One 2 bedroom / 1 bath unit to be delivered VACANT! Majority of the units have been updated with modern kitchens, bathrooms, and new flooring. Several capital improvements have also been made including the installation of new windows and upgrades to the building's electrical. Units are separately metered for gas and electric. Secured gated building and 6 carport parking in the back, which may be converted to one or more ADUs. With an upside in rents of over 74%, this building presents an amazing opportunity to invest in a value add building with high potential for appreciation. High-demand rental location in close proximity to the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), and with easy access to the 101 and 405 freeways.
Sherman Oaks adjacent 6 unit building near Hazeltine Ave and Oxnard St. Excellent unit mix of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units, including 1 Section 8 tenant. One 2 bedroom / 1 bath unit to be delivered VACANT! Majority of the units have been updated with modern kitchens, bathrooms, and new flooring. Several capital improvements have also been made including the installation of new windows and upgrades to the building's electrical. Units are separately metered for gas and electric. Secured gated building and 6 carport parking in the back, which may be converted to one or more ADUs. With an upside in rents of over 74%, this building presents an amazing opportunity to invest in a value add building with high potential for appreciation. High-demand rental location in close proximity to the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), and with easy access to the 101 and 405 freeways.

Location

State CA

County Los Angeles

Area Van Nuys (91401)

Zoning Assessor

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $2,100

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Anie Mayelian • Equity Union
Bought with Michelle Crochet • Keller Williams Realty World Media Center
agent-avatar

+1(858) 414-1153

robyn@robynflint.com

Scripps Ranch, 92131, United States

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