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14202 Delano St, Van Nuys, CA 91401
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14202 Delano St Van Nuys, CA 91401

$1,525,000 Sold Price as of 10/27/2023
  • 10 Beds
  • 6 Baths
  • 4,740 Sq.Ft.
Sold
$1,525,000 Sold Price as of 10/27/2023 Refinance Your Mortgage
Map preview of 14202 Delano St, Van Nuys, CA 91401

Property Overview: 14202 Delano St Van Nuys, CA has 10 bedrooms, 6 bathrooms, 4,740 living square feet and 7,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Sherman Oaks adjacent 6 unit building near Hazeltine Ave and Oxnard St. Excellent unit mix of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units, including 1 Section 8 tenant. One 2 bedroom / 1 bath unit to be delivered VACANT! Majority of the units have been updated with modern kitchens, bathrooms, and new flooring. Several capital improvements have also been made including the installation of new windows and upgrades to the building's electrical. Units are separately metered for gas and electric. Secured gated building and 6 carport parking in the back, which may be converted to one or more ADUs. With an upside in rents of over 74%, this building presents an amazing opportunity to invest in a value add building with high potential for appreciation. High-demand rental location in close proximity to the Van Nuys Courthouse, the restaurants and shops along Ventura Blvd (which are minutes away), and with easy access to the 101 and 405 freeways.

Listed by Anie Mayelian | BRE #00778825 | Equity Union
Co-listed by Aleen Mayelian | BRE #02198281 | Equity Union
Last checked: 6 minutes ago | Last updated: October 27th, 2023 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
7,502
HOA Dues
$0/mo
Year built
1955
Garage
6 Car
Property Type:
Apartment
Status
Sold
MLS#
SR23200057
City
Van Nuys
County
Los Angeles
Time on Site
182 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 5
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,724
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,040
  • Total Rent: $1,040
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,724
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 12.53
  • Gross Scheduled Income: $124,944
  • Net Operating Income: $83,419
  • Gross Operating Income: $121,196
  • Vacancy Allowance: $3,748
Annual Expense Breakdown
  • Total Operating Expense: $37,778
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $19,562
  • Trash: $5,640
  • Gardener: $1,200
  • Insurance: $3,000
  • Maintenance: $3,600
  • Professional Management: $0
  • Water/Sewer: $4,775

Property Details for 14202 Delano St

Interior Features
Laundry Information
  • Has Laundry
  • Community, Gas & Electric Dryer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 2240021012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Hazeltine Ave and Oxnard St
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Van Nuys Agent

Sale History for 14202 Delano St

Last sold for $1,525,000 on October 27th, 2023

  • October, 2023

  • Oct 27, 2023

    Date

    Active

    CRMLS: SR23200057

    $1,565,000

    Price

  • Oct 27, 2023

    Date

    Sold

    CRMLS: SR23200057

    $1,525,000

    Price

  • August, 2023

  • Aug 16, 2023

    Date

    Expired

    CRMLS: 23238349

    $1,565,000

    Price

  • Feb 2, 2023

    Date

    Active

    CRMLS: 23238349

    $1,595,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the Delano Street Apartments a charming, bread and butter six (6) unit multifamily investment opportunity located in Van Nuys. The property was built in 1955, consists of four (4) Two Bedroom One Bath Units and two (2) One Bedroom One Bath Units, and is situated on a 7,499 SF lot zoned R-3. Four of the Six Units have been extensively rehabbed with New Kitchens and Bathrooms, High-End Fixtures, New Windows, and more. All units are separately metered for gas and electricity and have individual hot water heaters. There is also an on-site laundry room with washer/dryer hookups where an investor can place their own appliances to generate extra income. There is an electric gate in the front of the property along with 6 carport parking spaces towards the rear of the property. This turnkey multifamily investment opportunity is located within a 10-20 minute drive of main job centers located in Sherman Oaks, Burbank, Glendale and also provides easy access to the Van Nuys Airport, Warner Brothers Center, Sherman Oaks Galleria as well as the 405, 101 and 170 freeways.

  • February, 2019

  • Feb 28, 2019

    Date

    Sold

    CRMLS: 18414168

    $1,130,000

    Price

  • Jan 30, 2019

    Date

    Pending

    CRMLS: 18414168

    $900,000

    Price

  • Dec 13, 2018

    Date

    Active

    CRMLS: 18414168

    $900,000

    Price

  • Listing provided courtesy of CRMLS

    COURT OVERBID DATE: January 30th, 2019 at 11:00 AM. LOCATION: 21041 Burbank Blvd. Court Room 303. Woodland Hills, CA 91367. INITIAL OVERBID PRICE: $1,130,000 and bidding, if any, shall proceed in increments of $1,000. COURT OVERBID REGISTRATION: Cashier's check in the amount of $56,500. Verification of Funds, and Registration Form. Overbidders Must Register with Trustee. Please e-mail Listing Agents for the Overbid Instructions and/or Registration Form. Call Agents with any questions. BANKRUPTCY SALE SUBJECT TO COURT APPROVAL AND OVERBID PROCESS. We are pleased to present the Delano Street Apartments - a six (6) unit multifamily investment in Van Nuys. Five of the six units are currently occupied with limited rental income history. The sixth unit has been remodeled, is currently vacant, and is in rent ready condition. All Offers are Subject to an Overbid Process. Bankruptcy Court Case #1:16-bk-10048-MB. Property is being sold "AS-IS, WHERE-IS" without Representations or Warranties.

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Tax History for 14202 Delano St

Assessed Value (2020): $1,156,200
Year Land Value Improved Value Assessed Value
2020 $691,560 $464,640 $1,156,200

Home Value Compared to the Market

This property vs the competition

14202 Delano St sold on October 27, 2023 for 81.98% higher than the current median sold price for the city of Van Nuys which is $860,000. The median sold price per/sqft for Van Nuys is $506 and this home is sold at $330.17 per/sqft which puts the price per square foot 34.75% lower than the current median sale per square foot for the city of Van Nuys.

About 14202 Delano St

Detailed summary of property

14202 Delano St is a apartment that recently sold in Van Nuys, CA 91401. This apartment offered 10 bedrooms, 6 bathrooms, roughly 4,740 living square feet, and sits on an approximately 7,502 square foot lot. 14202 Delano St was first listed on ArdentRealEstateGroup.com on October 27, 2023. The homeowner sold the property for $1,525,000. Home in Van Nuys are selling for a median price of $860,000 and a median price per square foot of $506. Based on Ardent Real Estate Group's Van Nuys Market Data, this home is sold 81.98% higher than the current median priced home. Local homes that are currently for sale include 2300 S Bentley Ave, 6410 La Mirada and 1451 S Holt Ave. There are currently 97 homes for sale in the Van Nuys real estate market and 69 of them are single family homes while 18 of them are condos and 10 are townhomes. For more information on this home for sale at 14202 Delano St Van Nuys, CA 91401 contact Ardent Real Estate Group and we will put you in touch with one of our Van Nuys agents.

Public Facts for 14202 Delano St

Public county record property details
Beds
10
Baths
6
Year built
1955
Sq. Ft.
4,740
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
2240-021-012

The source for these homes facts are from public records.

91401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,189,999
Median List Price/Sq.Ft.
$646
Median Sold Price
$1,130,000
Median Sold Price/Sq.Ft.
$655
Total Inventory
61
Median Sale to List Price %
94.25%
Avg Days on Market
22
Loan Type
Conventional (29.41%), FHA (0%), VA (0%), Cash (17.65%), Other (5.88%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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