14739 Delano Street
Van Nuys, CA 91411
6908 sqft | 13 beds | 0.17 acres | #24418407
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 Details
- Bedrooms13
Property Details
- Stories2
Measurements
- Acres0.1723
- Square Feet6908
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,600,000
Other
- MLS #24418407
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Sally Forster Jones (#CLW-X18193)
Listing Office: Compass (#CLW-X81461)
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