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.