Property listed by NAI Capital, Inc., Kevin Kawaoka 310-440-8500
$1,075,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
95
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,800
Lot Size
0.17 Acres
Year Built
1948
MLS Number
25537402
30 Days Snapshot Of 91401
$1.43M
+1%
(avg) sold price
8
-46%
homes sold
62
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 3,800, Levels: Two, Living area: 3800, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $64,176, Net operating income: $38,907
Lot
0.1722 acres, 7,500 square feet, Size: 7,500
Parking
Covered, Driveway
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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