7543 Chimineas Avenue

Reseda, CA 91335

$995,000
Price
4
Beds
3
Baths
2,542 Sq. Ft.
$391 / Sq. Ft.
2,542
Sq. Ft.
$391
per Sq. Ft.

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,...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 Agents

  1. Sally Forster Jones

    Sally Forster Jones

    Listing Agent

    Compass

    DRE #00558939

    sally.jones@compass.com

    P: (310)-579-2200

  2. Michael Yue

    Michael Yue

    Alternative Listing Agent

    Compass

    DRE #02083986

    michael.yue@compass.com

    P: (310)-435-2237

Property Details for 7543 Chimineas Avenue

Zoning
LAR1
Style
Traditional
Parcel Number
2119006024
Living Area
2542
Source Living Area
Vendor Enhanced
Area
Reseda Ranch (RESR)
Lot Size Area
9743
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 11/08/2024 12:07 AM

Property Details for 7543 Chimineas Avenue

StatusActive
MLS #24-418417
Days on Market121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1975
Lot Size0.22 AC / 9,743 SF
CountyLos Angeles County

Building Information for 7543 Chimineas Avenue

Stories1Year Built1975Building Size-Lot Size0.22 AC / 9,743 SF

Property Information for 7543 Chimineas Avenue

Community / Development
Community / Development
  • HOA: No
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • View: Yes
  • View Description: City Lights
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2237
  • Lot Size Square Feet: 9743
  • Lot Size Dimensions: 71x142
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Furnished: Unfurnished
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Carpet
  • Equipment: Washer, Dryer, Refrigerator, Range/Oven
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024

Property History for 7543 Chimineas Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7543 Chimineas Avenue

Taxable ValueLand$460,369Additions$460,369Total$920,738
Tax Record2023$11,558 ($963 / month)
Home Facts
Beds4Total Finished SqFt2,542 SqFtAbove Grade Finished SqFt2,542 SqFtStories1Lot Size9,740 SqFtStyleSingle Family ResidenceYear Built1975ZoningLAR1CountyLOS ANGELESAPN2119-006-024

Schools near 7543 Chimineas Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garden Grove Elementary School
PublicK to 5

Northridge Middle School
Public6 to 8

Reseda Senior High School
Charter9 to 12

John R. Wooden High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7543 Chimineas Avenue is a single family home for sale in Reseda, CA 91335. This property was listed for sale on July 23, 2024 by Compass, it's currently listed at $995,000. It has been on the market for a total of 121 days and was last sold on February 17, 2007. This listing's school district is Los Angeles Unified School District. Nearby schools include Garden Grove Elementary School, Northridge Middle School and Reseda Senior High School. 7543 Chimineas Avenue is a 4-bed, 3-bath, 2,542 sqft single family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939; Compass, Michael Yue, DRE #02083986

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.