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$995,000
4 bed
3 bath
2,542 Sqft
9,743 Sqft lot

7543 Chimineas Avenue, Reseda, California 91335

  • Residential Property Type
  • 123 Days Time on market
  • $391 Price per sqft
  • 1975 Year Built
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.

Basic Details
Residential
Buy
24418417
$995,000
4
3
2,542 Sqft
1975
9,743 Sqft
Active
Single Family Residence
Houses
Features
: Central
: Central Air
: City Lights
: Unfurnished
: Dryer, Refrigerator, Washer
: Traditional
2
$0
Address
CA
Los Angeles
Reseda
91335
7543 Chimineas Avenue
7543
Avenue
0
W119° 28' 16.6''
N34° 12' 27.3''
Additional Information
123
1
1
1
3
: One
1
: Inside
2,542 Sqft
0 Sqft
0 Sqft
0.22 Sqft
9,743 Sqft
1
: No Common Walls
0 Sqft
LAR1
2119006024
$0
$0
$0
$0
1
$0
$0
0 Sqft
0 Sqft
$0
1
23/07/2024 16:56:39
$0
: Standard
Crossroads: Lindley Ave and Sherman Way
Compass
Sally Forster Jones
CLW-X81461
CLW-X18193
$0
: Carpet
1
71x142
1
0
0
1
1
US-06037-N-2119006024-R-N
SingleFamilyResidence
15/10/2024 05:51:08
Chimineas
RES - Reseda
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