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14837 DELANO ST Van Nuys, CA 91411
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Key Details
Sold Price $1,762,500
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,489 sqft
Price per Sqft $271
MLS Listing ID 19-500754
Sold Date 02/19/20
Bedrooms 14
Year Built 1964
Lot Size 7,503 Sqft
Property Description
We are proud to present these 8 units located at 14837 Delano Street in Van Nuys, California. The property is comprised of an excellent unit mix of One- Studio / 1 Bathroom unit and Seven- 2 Bedroom / 1 Bathroom units. The offering is situated on a 7,503-square foot lot with 6,489-square foot of gross rentable area and features individual meters for gas and electricity and copper plumbing throughout. With rents approximately 27% below market, this investment provides a savvy investor the opportunity to raise rents to market and achieve greater cash flow.Van Nuys is located in the central San Fernando Valley region of Los Angeles and is strategically located near pockets of economic and development activity. It is home to the Van Nuys Airport and the Valley Municipal Building and is the only neighborhood in the San Fernando Valley with a population exceeding 100,000 residents.
Location
State CA
County Los Angeles
Area East Van Nuys
Zoning LAR3
Rooms
Other Rooms Other
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 8.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap