We are 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… Read More 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
28
Last Updated
Property Type
Other
Beds
11
Square Ft.
6,009
Lot Size
0.17 Acres
Year Built
1964
MLS Number
25497857
30 Days Snapshot Of 91401
$2,225k
+90%
(avg) sold price
3
-57%
homes sold
161
+172%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
6,009 sq ft, Built in 1964, Levels: Multi/Split
Cooling
Wall Unit(s)
Disclosures
None
Garage
Covered Parking, Uncovered
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1722, LotSizeArea: 7,502
Parking
TotalParking: 7
Property
NumberOfUnits: 7, Zoning: LAR3
Roof
Flat
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