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$1,750,000
Est. payment /mo
13 Beds
8 Baths
6,908 SqFt
UPDATED:
12/19/2024 06:04 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,908 sqft
Price per Sqft $253
MLS Listing ID 24418407
Bedrooms 13
HOA Y/N No
Year Built 1963
Lot Size 7,505 Sqft
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2241015017
Special Listing Condition Standard
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Listed by Sally Forster Jones • Compass