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
MLS #:
24418417
Status:
Active
Beds:
4
Baths:
3
Address:
7543 Chimineas Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
resreseda
City:
Reseda
Listed Date:
Jul 23, 2024
State:
CA
Finished Sq Ft:
2,542
ZIP:
91335
Lot Size:
9,743 sqft / 0.22 acres (approx)
Year Built:
1975
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Schools
Interior
Appliances
Refrigerator
Cooling
Central Air
Fireplace Features
None
Flooring
Carpet
Heating
Central
Exterior
Parking Features
Garage – Two Door
Parking Spots
2.00
Pool Features
None
Spa Features
None
Stories Total
1
View
City Lights
Financial
Map
Community
- Address7543 Chimineas Avenue Reseda CA
- AreaRES – Reseda
- CityReseda
- CountyLos Angeles
- Zip Code91335
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
7543 Chimineas Avenue
Reseda, CA
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