14837 Delano St

Van Nuys

 
 
 
 

8

UNITS

$225,000

PRICE/UNIT

$277.39

PRICE/SQ FT

4.61%

CAP

13.82

GRM

6.44%

PRO FORMA CAP

10.87

PRO FORMA GRM
 

The LA Apartment Advisors 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 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 25% 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. This quiet and up and coming area with great location allows residents to find work in the local business sector, direct access to the 405 freeway as well as Amtrak and Metrolink rail which gives easy access to commute to downtown. This investment offering provides a savvy investor the opportunity to capitalize on the existing low rents and own an investment property in a strong and centrally located rental pocket of Van Nuys. The potential yield this property has to offer is one of a kind.

 
 
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Arash Memary

Associate

O: (818) 212-2808

M: (818) 357-9525

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