14112 Delano St
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14112 Delano St
5 Unit Apartment Building $2,346,300 CAD ($469,260 CAD/Unit) 6.41% Cap Rate Van Nuys, CA 91401
Executive Summary
GREAT OPPORTUNITY on this Pride of ownership 5 unit Condo Style Gated Apartment Building built in 1991. Located in the heart of Van Nuys near City Hall and walking distance to public transportation. 4 of the units are 2 bedrooms plus 1.5 baths. 1 unit is 3 bedrooms and 1.5 baths. Each tenant has 2 parking spaces with a remote controlled security gate. Minimum amount of tenants living in the building. There is a common laundry room. Machines are leased. This updated and well maintained building has a newer roof, newer hot water heater, newer sewer line and all newer building plumbing. Exterior was recently painted. Each unit has Central A/C & Heat. All unit's ductwork was recently cleaned. Some of the units have updated laminate flooring with granite countertops. Bedrooms are located upstairs with a full bath and downstairs is the living room with a dining area, kitchen and 1/2 bath. Lots of upside on this opportunity providing for a solid long term investment with immediate added value. Its prime location near public amenities, transportation and shopping adds to its desirability for tenants, ensuring consistent occupancy rates. With additional room for rental increases, this property presents a unique opportunity for investors seeking stable returns and long term appreciation.
Property Facts
| Price | $2,346,300 CAD | Building Class | C |
| Price Per Unit | $469,260 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,270 SF |
| Cap Rate | 6.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1991 |
| Property Type | Multifamily | Parking Ratio | 2.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,346,300 CAD |
| Price Per Unit | $469,260 CAD |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 13 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,270 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2.34/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $2,986 CAD | 830 |
| 2+1.5 | 1 | $3,128 CAD | 830 |
| 2+1.5 | 1 | $3,057 CAD | 830 |
| 2+1.5 | 1 | $2,702 CAD | 830 |
| 3+1.5 | 1 | $2,844 CAD | 950 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2240-022-036 | Improvements Assessment | $1,279,800 CAD |
| Land Assessment | $1,075,032 CAD | Total Assessment | $2,354,832 CAD |
PROPERTY TAXES
Parcel Number
2240-022-036
Land Assessment
$1,075,032 CAD
Improvements Assessment
$1,279,800 CAD
Total Assessment
$2,354,832 CAD
zoning
| Zoning Code | R3-1, Los Angeles |
| R3-1, Los Angeles |
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Presented by
Kleemann Steven
14112 Delano St
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