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14140 Delano St 18 Unit Apartment Building $3,650,000 ($202,778/Unit) 5.01% Cap Rate Van Nuys, CA 91401
INVESTMENT HIGHLIGHTS
- Strong Van Nuys Location
- Seismic Retrofit Completed
- New Copper Plumbing
- Minutes from Van Nuys Downtown, County Court and Police Department
- New Roofin2024
- Newer Paint, Refinished Asphalt Driveway
EXECUTIVE SUMMARY
Located at 14140 Delano Street, this 18-unit multifamily property offers a standout investment opportunity in the heart of Van Nuys, one of the San Fernando Valley’s most resilient rental markets. Set on a quiet residential street, the property benefits from strong tenant demand due to its proximity to major employment hubs, retail corridors, public transportation, and convenient freeway access.
The property features oversized units that appeal to long-term tenants, enhancing retention and rental stability. Recent capital improvements include a newer asphalt driveway, newer water heater, and a newer roof, significantly reducing near-term maintenance costs. Additionally, the soft-story seismic retrofit has been completed, providing enhanced structural safety and peace of mind for ownership.
With below-market rents and clear value-add potential, investors can further increase returns through interior upgrades and operational efficiencies. The well-maintained condition, combined with completed major improvements, positions the asset as an ideal blend of stable cash flow and upside growth.
Conveniently located near shopping, dining, schools, and everyday services, this property continues to attract a broad tenant base while maintaining excellent accessibility throughout the greater Los Angeles area.
An exceptional opportunity to acquire a turnkey, well-improved multifamily asset in a core San Fernando Valley submarket.
The property features oversized units that appeal to long-term tenants, enhancing retention and rental stability. Recent capital improvements include a newer asphalt driveway, newer water heater, and a newer roof, significantly reducing near-term maintenance costs. Additionally, the soft-story seismic retrofit has been completed, providing enhanced structural safety and peace of mind for ownership.
With below-market rents and clear value-add potential, investors can further increase returns through interior upgrades and operational efficiencies. The well-maintained condition, combined with completed major improvements, positions the asset as an ideal blend of stable cash flow and upside growth.
Conveniently located near shopping, dining, schools, and everyday services, this property continues to attract a broad tenant base while maintaining excellent accessibility throughout the greater Los Angeles area.
An exceptional opportunity to acquire a turnkey, well-improved multifamily asset in a core San Fernando Valley submarket.
PROPERTY FACTS
| Price | $3,650,000 | Building Class | C |
| Price Per Unit | $202,778 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 14,262 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3, Los Angeles | ||
| Price | $3,650,000 |
| Price Per Unit | $202,778 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 14,262 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Range
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 700 |
| 2+1 | 6 | - | 977 |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2240-022-027 | Improvements Assessment | $2,658,222 |
| Land Assessment | $1,139,238 | Total Assessment | $3,797,460 |
PROPERTY TAXES
Parcel Number
2240-022-027
Land Assessment
$1,139,238
Improvements Assessment
$2,658,222
Total Assessment
$3,797,460
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14140 Delano St
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