$1,762,500
$1,800,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/19/2020
Key Details
Sold Price $1,762,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19500754
Sold Date 02/19/20
HOA Y/N No
Year Built 1964
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
Zoning LAR3
Interior
Fireplace No
Building
Story 2
Others
Senior Community No
Tax ID 2241016016
Special Listing Condition Standard
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Bought with Filip Niculete • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States