Homes for sale - 7543 Chimineas AVE, Reseda, CA 91335

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John Hickey

john.hickey@engelvoelkers.com +1(818) 434-6696

$ 995,000

Est. payment -/mo

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Active

7543 Chimineas AVE Reseda, CA 91335

4 Beds

3 Baths

2,542 SqFt

UPDATED:

11/08/2024 01:10 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,542 sqft

Price per Sqft $391

MLS Listing ID 24418417

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1975

Lot Size 9,744 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

Area Res - Reseda

Zoning LAR1

Interior

Heating Central

Cooling Central Air

Flooring Carpet

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Garage Door-Multi, Garage

Pool None

View Y/N Yes

View City Lights

Parking Type Door-Multi, Garage

Total Parking Spaces 2

Private Pool No

Building

Story 1

Entry Level One

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 2119006024

Special Listing Condition Standard

Listed by Sally Forster Jones • Compass

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

John Hickey

7543 Chimineas AVE Reseda, CA 91335

Key Details

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Interior

Exterior

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7543 Chimineas AVE