7543 Chimineas Avenue, Reseda, CA 91335

$995,000 Asking Price

4 beds
3 baths
2,542  sqft
Built in 1975

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.

Features & Amenities

Interior

Appliances:
Refrigerator,Dryer,Washer
Laundry:
Inside
Flooring:
Carpet
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
None

Exterior

General:
None
Style:
Traditional
Pool:
None
Parking:
Door-Multi,Garage, Parking spaces: 2

Construction

General:
1

Location

Originating MLS:
CRMLS
County:
Los Angeles

Lot

Zoning:
LAR1, 2119006024
View:
City Lights, View

Financial

Source:
CRMLS

This listing courtesy of:
Compass, Sally Forster Jones

About Reseda, CA

Housing

Number of Units
23,900
Median Home Value
$548,588
Median Rent
$1,425

52.22% of housing units are renter occupied.

3.32% are vacant.

Commute

Car
68.91%
Public Transportation
3.83%
Walk to Work
1.36%
Work from Home
24.06%
Other
1.26%

The median travel time to work is 27 minutes.

People

Population
75,244
Median Age
37.80
Median Household Size
3.32

Education

High School
22.21%
Associate’s Degree
7.17%
Bachelor’s Degree
20.05%
Graduate Degree
8.71%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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