14739 Delano Street

Van Nuys, CA 91411

$1,750,000
Price
13
Beds
8
Baths
6,908 Sq. Ft.
$253 / Sq. Ft.
6,908
Sq. Ft.
$253
per Sq. Ft.

Description

Presenting an unparalleled investment opportunity to acquire two prime multifamily properties in the heart of the San Fernando Valley: 14739 Delano Street, Van Nuys, and 7543 Chimeneas Avenue, Reseda. Offered together for $2.75M (14739 Delano Street available separately for $1.75M), these properties provide substantial income potential.14739 Delano Street spans 6,908 sq. ft. on a 7,503 sq. ft. lot, featuring 11 bedrooms and 8 bathrooms with a current gross rent of $12,800/month and a GRM of 11.3,...Presenting an unparalleled investment opportunity to acquire two prime multifamily properties in the heart of the San Fernando Valley: 14739 Delano Street, Van Nuys, and 7543 Chimeneas Avenue, Reseda. Offered together for $2.75M (14739 Delano Street available separately for $1.75M), these properties provide substantial income potential.14739 Delano Street spans 6,908 sq. ft. on a 7,503 sq. ft. lot, featuring 11 bedrooms and 8 bathrooms with a current gross rent of $12,800/month and a GRM of 11.3, promising future rental growth. The property's attractive unit mix of five two-bedroom units and three one-bedroom units ensures strong tenant retention. Its strategic location near Van Nuys Village shopping, dining, and the upcoming East San Fernando Valley Light Rail line adds unmatched convenience and appeal.7543 Chimeneas Avenue, nestled in a peaceful cul-de-sac in Reseda, offers two legal units with potential for versatile use---live in one, rent the other, or lease both. The front unit is currently renting for $2,600/month, and the back unit is renting for $1,800/month. The main house includes central A/C, an enclosed porch, and a two-car detached garage with ADU potential. The secondary unit features two bedrooms, one bathroom, a private backyard, and a spacious porch. Located close to schools, local dining, and major transit routes, this property complements the Delano asset to create a well-rounded, high-potential investment package.

Listing Agents

  1. Sally Forster Jones

    Sally Forster Jones

    Listing Agent

    Compass

    DRE #00558939

    sally.jones@compass.com

    P: (310)-579-2200

  2. Michael Yue

    Michael Yue

    Alternative Listing Agent

    Compass

    DRE #02083986

    michael.yue@compass.com

    P: (310)-435-2237

Property Details for 14739 Delano Street

Zoning
LAR3
Parcel Number
2241015017
Total Units
8.0
Living Area
6908
Source Living Area
Vendor Enhanced
Area
East Van Nuys
Vacancy Rate
0
Lot Size Area
7505
LISTING UPDATED: 12/18/2024 10:00 AM

Property Details for 14739 Delano Street

StatusActive
MLS #24-418407
Days on Market150
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.17 AC / 7,505 SF
CountyLos Angeles County

Building Information for 14739 Delano Street

Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,505 SF

Property Information for 14739 Delano Street

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $132,000
  • Net Operating Income: $132,000.00
  • Gross Income: $132,000
  • Cap Rate: 5.20%
  • Gross Rent Multiplier: $15.57
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1723
  • Lot Size Square Feet: 7505
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 2
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $364,913.00
  • Assessed Improvement Percent: 63.15
  • Assessed Land Value: $212,981.00
  • Assessed Land Percent: 36.85
  • Assessed Total Value: $577,894.00

Property History for 14739 Delano 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 14739 Delano Street

Taxable ValueLand$217,240Additions$372,211Total$589,451
Tax Record2024$8,317 ($693 / month)
Home Facts
Total Finished SqFt6,908 SqFtAbove Grade Finished SqFt6,908 SqFtLot Size7,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN2241-015-017

Schools near 14739 Delano Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sylvan Park Elementary School
PublicK to 5

Van Nuys Middle School
Public6 to 8

Van Nuys Senior High School
Public9 to 12

Will Rogers Continuation School
Public9 to 12

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.

Similar Homes

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14739 Delano Street is a multi-family home for sale in Van Nuys, CA 91411. This property was listed for sale on July 23, 2024 by Compass, it's currently listed at $1,750,000. It has been on the market for a total of 150 days and was last sold on April 26, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Sylvan Park Elementary School, Van Nuys Middle School and Van Nuys Senior High School. 14739 Delano Street is a 13-bed, 8-bath, 6,908 sqft multi-family home built in 1963.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939; Compass, Michael Yue, DRE #02083986

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.