7543 Chimineas Avenue, Reseda, CA 91335
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Listed Price :
$995,000
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Beds :
4
-
Baths :
3
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Property Size :
2,542 sqft
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Year Built :
1975
Property Description
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.
Interior Features
| Laundry Information |
| Location(s) |
Inside |
| Bedroom Information |
| Bedrooms |
4 |
| Bathroom Information |
| Bathrooms |
3 |
| Flooring Information |
| Material |
Carpet |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
7543 Chimineas Avenue |
| City |
Reseda |
| State |
CA |
| Zip |
91335 |
| County |
Los Angeles |
| Listing Agent |
Sally Forster Jones DRE #00558939 |
| Co-Listing Agent |
Michael Jinglin Yue DRE #02083986 |
| Courtesy Of |
Compass |
| List Price |
$995,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
2,542 |
| Lot Size |
9,743 |
| Year Built |
1975 |
Listing information courtesy of: Sally Forster Jones, Michael Jinglin Yue, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 6:04 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
