14837 Delano St

$1.76M

14837 Delano St, Van Nuys

Sale Price

$1.76M

Cap Rate

5.10%

Type

O

Closed

February 2020

8 Units | Van Nuys | 1031 Exchange

the successful sale of 8 units located at 14837 Delano Street in Van Nuys, California. Built in 1964, the offering sits on 7,503 square feet of land with 6,489 square feet of rentable area and consists of 1- studio / one bath and 7- two bed / one bath units.

Through our superior marketing platform we were able to generate multiple offers and negotiate outstanding price and terms for our client.

Our client's motivation to sell was to exchange into multifamily assets in the Denver MSA. Their goal was to diversify their portfolio, mitigate California's incoming legislature risk and avoid the costs of necessary seismic retrofit work.

For more information about this transaction or to receive a complimentary evaluation of your property, give us a call today!

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