Keegan Cin | Realtor® | License # DRE 01971604

Property

Van Nuys, CA 91401 14317 Haynes Street

14317 Haynes Street Van Nuys, CA - Image 114317 Haynes Street Van Nuys, CA - Image 214317 Haynes Street Van Nuys, CA - Image 3
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Presented By: Filip Niculete with Marcus & Millichap;
  • MLS# 25497857
  • 02/12/2025
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  • Beds • 11
  • Baths • 11
  • SQFT • 6,009
  • Year Built • 1964

Home Details

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.
Presented By: Filip Niculete with Marcus & Millichap;

Interior Features for 14317 Haynes Street

Bedrooms

Total Bedrooms11

Bathrooms

Half Baths0
Total Baths11
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2

General for 14317 Haynes Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.32
Carport Y/NNo
CityVan Nuys
CountyLos Angeles
DirectionsHaynes St & Van Nuys Blvd
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income142499.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7502.0
Lot Size UnitsSquareFeet
MLS AreaVN - Van Nuys
MobileHomeRemainsYNNo
Net Operating Income93154.0
New ConstructionNo
Number Of Units Total7
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Year Built1964
ZoningLAR3

Exterior for 14317 Haynes Street

Building Area Total6009.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1722
Lot Size Area7502.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered, Uncovered
Private PoolNo
SpaNo
Total Parking7.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,750,000
MLS#25497857
List Date 02/12/2025
Property Type Multi-Family
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