Description

Take advantage of this unique opportunity to acquire two prime properties with a preference for a bundled sale at 5.2% cap rate with 50% upside: 7543 Chimeneas Avenue and 14739 Delano Street. Discover the potential of 14739 Delano Street, a remarkable multifamily asset nestled in the vibrant heart of Van Nuys. This property, spanning 6,908 square feet, stands on a 7,503 square foot lot and comprises 11 bedrooms and eight bathrooms in total, making it a substantial income-generating asset? With a rich tenant history, the property has been a choice residence for long-term tenants who value the stability and convenience it offers. The strong foundation of consistent, on-time rent payments highlights the reliability of this investment. With a notable gross rent of $11,000 per month and a potential escalation to a market rent of up to $21,000, this property promises a robust income stream and a horizon of revenue growth. The unit mix is thoughtfully designed to cater to diverse tenant preferences, featuring five comfortable two-bedroom units and three inviting one-bedroom units, ensuring a steady occupancy rate. Ideally positioned, the complex offers its residents effortless access to transportation, shopping, and dining venues. The proximity to the Van Nuys Village shopping center enriches the living experience, providing a plethora of retail outlets, eateries, and services. The highly reputed Van Nuys Unified School District is a stone’s throw away, making it an attractive choice for families. The upcoming East San Fernando Valley Light Rail line, with a planned station nearby, is set to enhance transportation options, offering convenient connections to Pacoima, San Fernando/Sylmar, and the G Line (orange) and B Line (red). Don’t miss this fantastic investment opportunity. Contact us today to schedule a showing and discover the endless possibilities that await.