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$ 1,075,000
Est. payment /mo
New
14240 Delano ST Van Nuys, CA 91401
8 Beds
4 Baths
3,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $282
MLS Listing ID 25537357
Bedrooms 8
HOA Y/N No
Year Built 1948
Lot Size 7,501 Sqft
Property Description
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 sound, 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.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 16
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2240021004
Special Listing Condition Standard
Listed by Kevin Kawaoka • NAI Capital, Inc.