14317 Haynes Street

14317 Haynes Street

Van Nuys, CA 91401

$1,795,000
Price
11
Beds
11
Baths
6,009 Sq. Ft.
$299 / Sq. Ft.
6,009
Sq. Ft.
$299
per Sq. Ft.
a view of a house with backyard and sitting area
a front view of a house with garden
a view of a white house with a yard and furniture
a view of a patio with a table and chairs
a view of an entryway of house
a view of a house with a yard
an aerial view of residential building with green space
an aerial view of multiple houses with outdoor space
a view of city
a view of parking garage with cars
an empty room with wooden floor and entrance
a kitchen with stainless steel appliances granite countertop a sink stove and refrigerator
a view of a small space
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven

Description

We are proud to present 14317 Haynes Street, a 7-unit apartment building located in Van Nuys, CA. Built in 1964, the subject property sits on a 7,500 square foot lot and offers a mix of 3- 1 bed/1 bath and 4- 2 bed/2 bath units, totaling 6,009 gross square feet. The offering is turnkey, featuring brand-new copper plumbing, roof, water heaters, laundry facilities and equipment (all owned, not leased), stainless steel appliances, and granite countertops. Additionally, units 1, 4, and 7 have undergone...We are proud to present 14317 Haynes Street, a 7-unit apartment building located in Van Nuys, CA. Built in 1964, the subject property sits on a 7,500 square foot lot and offers a mix of 3- 1 bed/1 bath and 4- 2 bed/2 bath units, totaling 6,009 gross square feet. The offering is turnkey, featuring brand-new copper plumbing, roof, water heaters, laundry facilities and equipment (all owned, not leased), stainless steel appliances, and granite countertops. Additionally, units 1, 4, and 7 have undergone thorough gut renovations. The only outstanding items are fresh paint and driveway refurbishment, which the owner opted not to finalize to avoid prolonging tenant occupancy. Cash for keys has not been attempted by the owner. The property has ample gated parking for tenants with easy access through the right side of the building. To enhance the quality of living for residents, the property features a smoke-free environment with laundry facilities and proximity to shopping and restaurants. Select units have been completely updated with new stainless steel appliances, granite countertops, cabinets, bathrooms & kitchens, and laminate flooring throughout. One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 48% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $17,000 in gross rental income each month, or about $206,000 per year, increasing the buyer's CAP rate to 8.58%! Situated in the heart of Van Nuys, with a Walk Score of 82 (Very Walkable), the offering resides within a prominent commercial hub within the greater Los Angeles area. It enjoys easy access to major transportation arteries, including highways and public transit routes. Its proximity to key amenities such as shopping centers, restaurants, and business services enhances its appeal to both tenants and customers alike. Additionally, the area's strong demographic profile and steady economic growth contribute to the long-term viability of investments in this locale. With its central location and favorable market conditions, this property presents a great opportunity for investors seeking to capitalize on the dynamic commercial real estate landscape of Van Nuys, California.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 14317 Haynes Street

Zoning
LAR3
Parcel Number
2237012016
Total Units
7.0
Living Area
6009
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
3%
Lot Size Area
7502

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 05/08/2024 12:01 AM

Property Details for 14317 Haynes Street

StatusActive
MLS #24-386177
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 14317 Haynes Street

Stories2Residences-Year Built1964Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$11,025 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,796

Property Taxes

$1,229

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14317 Haynes Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Market
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $135,385
  • Net Operating Income: $91,800.00
  • Gross Income: $139,572
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: $12.41
  • Total Annual Expense: 48625
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated, Private, Uncovered
  • Total Parking: 0
  • Parking Features: Covered, Gated, Private, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-30-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,666.00
  • Unit Actual Rent: $4,997.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,659.00
  • Unit Actual Rent: $6,634.00
  • Unit Projected Rent: $11,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $493,211.00
  • Assessed Improvement Percent: 43.4
  • Assessed Land Value: $643,320.00
  • Assessed Land Percent: 56.6
  • Assessed Total Value: $1,136,531.00

Property History for 14317 Haynes Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14317 Haynes Street

Taxable ValueLand$643,320Additions$493,211Total$1,136,531
Tax Record2023$14,751 ($1,229 / month)
Home Facts
Total Finished SqFt6,009 SqFtAbove Grade Finished SqFt6,009 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN2237-012-016

Schools near 14317 Haynes Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Van Nuys Elementary School
Public - K to 5
Van Nuys Middle School
Public - 6 to 8
Van Nuys Senior High School
Public - 9 to 12
Ararat Charter School
Charter - K to 5
Rating
School
Distance
Van Nuys Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

Ararat Charter School
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 14317 Haynes Street, Van Nuys, CA 91401

14317 Haynes Street is a multi-family home for sale in Van Nuys, CA 91401. This property was listed for sale on April 30, 2024 by Marcus & Millichap, it's currently listed at $1,795,000. It has been on the market for a total of 18 days and was last sold on April 11, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Van Nuys Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 14317 Haynes Street is a 11-bed, 11-bath, 6,009 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.