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 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. 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 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.
Property Details
Price:
$1,750,000
MLS #:
25497857
Status:
Active
Baths:
0
Address:
14317 Haynes Street
Type:
Residential Income
Neighborhood:
vnvannuys
City:
Van Nuys
Listed Date:
Feb 12, 2025
State:
CA
ZIP:
91401
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1964
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Covered, Uncovered
Parking Spots
7.00
Stories Total
2
Financial
Map
Community
- Address14317 Haynes Street Van Nuys CA
- AreaVN – Van Nuys
- CityVan Nuys
- CountyLos Angeles
- Zip Code91401
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14317 Haynes Street
Van Nuys, CA
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