14317 Haynes St - Apartments FOR SALE


Van Nuys, CA 91401
$1,795,000 USD
818-212-2748
14317 Haynes St, Van Nuys, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/10
null | 5.16% Cap Rate

14317 Haynes St
Van Nuys, CA 91401


HIGHLIGHTS

  • Built in 1964 | RSO Property
  • Significant Renovations Done
  • Over 30% Upside in Rents
  • Brand New Roof & Water Heater
  • All New Copper Plumbing
  • Seismic Retrofitting Completed

OVERVIEW

The LAAA Team of Marcus & Millichap is proud to present 14317 Haynes Street, a rare and extensively renovated 7-unit investment opportunity in Van Nuys, CA. Built in 1964, the property sits on a 7,500 SF lot and offers a well-balanced unit mix of (3) one-bed and (4) two-bed / two-bath units, totaling 6,009 gross square feet. This well-maintained asset has undergone significant capital improvements, including all-new copper plumbing, a brand-new roof, a new water heater, and a repaved driveway. Additional enhancements include new laundry facilities and equipment (all owned), along with completed seismic retrofitting (2020). The seller strategically opted to defer exterior painting to avoid tenant disruptions and provide a buyer with better leverage for cash-for-keys negotiations. As a result, the seller has not pursued buyouts, leaving room for a buyer to implement their own tenant repositioning strategy. Inside, three units (#1, 4, and 7) have been fully upgraded with new stainless-steel appliances, granite countertops, modern cabinetry, updated bathrooms and kitchens, and laminate flooring throughout. The property also features a controlled gated entrance and 7 designated parking spaces, including tuck-under parking. Utilities are individually metered for gas and electricity, ensuring lower landlord expenses and a higher NOI. Additional income streams include laundry revenue and capital reimbursement payments from select tenants. With an estimated 34% rental upside and no major deferred maintenance, 14317 Haynes Street offers a true value-add opportunity where investors can focus on increasing income without major capital expenditures.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

7

PRICE/UNIT

$256,429

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units | Van Nuys | 30%+ Upside in Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

LAR3

APN/PARCEL ID

2237-012-016

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.