14244 Delano St new Save Request In-Person Tour Request Virtual Tour
Van Nuys,CA 91401
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $282
MLS Listing ID 25537402
Bedrooms 8
Year Built 1948
Lot Size 7,500 Sqft
Acres 0.1722
Property Sub-Type Multi-Family
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 East Van Nuys
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Other
Exterior
Parking Features Covered Parking, Driveway - Combination
Building
Level or Stories Two
Others
Special Listing Condition Standard