14112 Delano St
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14112 Delano St
5 Unit Apartment Building $1,650,000 ($330,000/Unit) 6.41% Cap Rate Van Nuys, CA 91401
Executive Summary
GREAT OPPORTUNITY on this Pride of ownership 5 unit Condo Style Gated Apartment Building built in 1991. Located in the heart of Van Nuys near City Hall and walking distance to public transportation. 4 of the units are 2 bedrooms plus 1.5 baths. 1 unit is 3 bedrooms and 1.5 baths. Each tenant has 2 parking spaces with a remote controlled security gate. Minimum amount of tenants living in the building. There is a common laundry room. Machines are leased. This updated and well maintained building has a newer roof, newer hot water heater, newer sewer line and all newer building plumbing. Exterior was recently painted. Each unit has Central A/C & Heat. All unit's ductwork was recently cleaned. Some of the units have updated laminate flooring with granite countertops. Bedrooms are located upstairs with a full bath and downstairs is the living room with a dining area, kitchen and 1/2 bath. Lots of upside on this opportunity providing for a solid long term investment with immediate added value. Its prime location near public amenities, transportation and shopping adds to its desirability for tenants, ensuring consistent occupancy rates. With additional room for rental increases, this property presents a unique opportunity for investors seeking stable returns and long term appreciation.
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $330,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,270 SF |
| Cap Rate | 6.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 2.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,650,000 |
| Price Per Unit | $330,000 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 13 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,270 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.34/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $2,100 | 830 |
| 2+1.5 | 1 | $2,200 | 830 |
| 2+1.5 | 1 | $2,150 | 830 |
| 2+1.5 | 1 | $1,900 | 830 |
| 3+1.5 | 1 | $2,000 | 950 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2240-022-036 | Improvements Assessment | $900,000 |
| Land Assessment | $756,000 | Total Assessment | $1,656,000 |
PROPERTY TAXES
Parcel Number
2240-022-036
Land Assessment
$756,000
Improvements Assessment
$900,000
Total Assessment
$1,656,000
zoning
| Zoning Code | R3-1, Los Angeles |
| R3-1, Los Angeles |
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Presented by
Kleemann Steven
14112 Delano St
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