Listing by: Sally Forster Jones, Compass

4 Beds

3 Baths

2,542 SqFt

Active

Presenting an unparalleled investment opportunity to acquire two prime multifamily properties in the heart of the San Fernando Valley: 14739 Delano Street, Van Nuys, and 7543 Chimeneas Avenue, Reseda. Offered together for $2.75M (14739 Delano Street available separately for $1.75M), these properties provide substantial income potential.14739 Delano Street spans 6,908 sq. ft. on a 7,503 sq. ft. lot, featuring 11 bedrooms and 8 bathrooms with a current gross rent of $12,800/month and a GRM of 11.3, promising future rental growth. The property's attractive unit mix of five two-bedroom units and three one-bedroom units ensures strong tenant retention. Its strategic location near Van Nuys Village shopping, dining, and the upcoming East San Fernando Valley Light Rail line adds unmatched convenience and appeal.7543 Chimeneas Avenue, nestled in a peaceful cul-de-sac in Reseda, offers two legal units with potential for versatile use----live in one, rent the other, or lease both. The front unit is currently renting for $2,600/month, and the back unit is renting for $1,800/month. The main house includes central A/C, an enclosed porch, and a two-car detached garage with ADU potential. The secondary unit features two bedrooms, one bathroom, a private backyard, and a spacious porch. Located close to schools, local dining, and major transit routes, this property complements the Delano asset to create a well-rounded, high-potential investment package.

Property Details
Price $995,000
Bedrooms 4
Full Baths 3
Half Baths 0
Total Baths 3
Property Style Traditional
Lot Size 71x142
Lot Size Area 9743
Lot Size Area Units Square Feet
Acres 0.2237
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family Residence
Stories 1
Year Built 1975
View City Lights
Heating Central
Laundry Features Washer Included,Dryer Included,Inside
Pool features None
Parking Description Garage - Two Door
Parking Spaces 2
Geographic Data
Directions Crossroads: Lindley Ave and Sherman Way
County Los Angeles
Latitude 34.207578
Longitude -118.528711
Market Area RES - Reseda
Address Information
Address 7543 Chimineas Avenue, Reseda, CA 91335
Postal Code 91335
City Reseda
State CA
Country United States
Listing Information
Listing Office Compass
Listing Agent Sally Forster Jones
Special listing conditions Standard
MLS Information
Days on market 108
MLS Status Active
Listing Date Jul 23, 2024
Listing Last Modified Nov 8, 2024
Tax ID 2119006024
MLS Area RES - Reseda
MLS # 24418417

This information is believed to be accurate, but without any warranty.
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