14716-14722 Delano St - Delano Court 18 Unit Apartment Building Offered at $2,250,000 at a 7.64% Cap Rate Van Nuys, CA 91411

Mike West of Inland West is pleased to present for sale 14716–14722 Delano Street, an 18-unit multifamily repositioning opportunity located in Van Nuys, California.
The property consists of two separate residential buildings situated across two parcels totaling approximately ±15,000 square feet and features a unit mix of sixteen (16) one-bedroom/one-bath units and two (2) two-bedroom units. Constructed in 1964, the property contains approximately ±10,930 square feet of improvements.
The offering presents investors with the rare opportunity to acquire a multifamily asset with expired affordability restrictions currently within the required notice period prior to
transition toward market-rate operations. Current in-place rents remain materially below prevailing market rents within the surrounding submarket, providing investors with
significant long-term operational repositioning potential following completion of the notice period in November 2026.
With limited multifamily inventory featuring expired affordability restrictions throughout Greater Los Angeles, the asset provides investors with the opportunity to acquire a well-located apartment community with substantial long-term rental repositioning potential within an established Southern California multifamily submarket.