14317 Haynes St Los Angeles, CA 91401
- Apartment buildings
- 6,009 SF
- 0.17 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 14317 Haynes St
- Year built
- 1964
- Lot size
- 0.17 lot acres
- Property size
- 6,009 SF
- Property type
- Apartment buildings
Description
This 7-unit apartment building in Van Nuys, CA, presents a compelling value-add opportunity. Built in 1964 and extensively renovated in 2020, the property boasts 6,009 square feet on a 0.17-acre lot. The building features a mix of one- and two-bedroom units, all with updated amenities including new copper plumbing, roof, water heaters, and laundry facilities (owner-owned). Select units feature stainless steel appliances, granite countertops, and updated bathrooms and kitchens. The property currently generates a NOI of $91,800, with a 5.11% cap rate. However, with approximately 48% upside in rental rates, a pro-forma NOI of $154,030 and an 8.58% cap rate is projected. The asking price is $1,795,000 ($256,428.57 per unit and $298.72 per square foot). Located at 14317 Haynes St, Los Angeles, CA 91401, this property benefits from a convenient location with a Walk Score of 82, offering easy access to major transportation arteries, shopping, and dining. The property includes gated parking and is in a smoke-free environment. Minor cosmetic upgrades, such as fresh paint and driveway refurbishment, remain to be completed. The property is zoned LAR3. This turnkey investment offers significant potential for increased profitability.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.445
- Latitude
- 34.1899
