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14739 Delano Street

Van Nuys, CA 91411

PRICE INCREASE

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+$150,000 (+9.38%)

$1,750,000

List Price

13

bed Beds

8

shower Baths

6,908 sqft

straighten / sqft

1963

calendar_month 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.

Listing Information

List Price $1,750,000
Status Active
MLS 24418407
Type Residential Income
Year Built 1963
Lot Size 7,505
Structure Size 6,908
DOM 108
Courtesy Of Compass
Listing Agent Sally Forster Jones DRE#00558939
Co-Listing Agent Jinglin Yue DRE#02083986

Interior Features

Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

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Listing information courtesy of: Sally Forster Jones, Jinglin Yue, Compass 310-579-2200. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 8th, 2024 at 1:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.