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$1,750,000

Beds
13
sq ft
6,908

14739 Delano St, Van Nuys, CA 91411

14739 Delano St

Van Nuys, CA 91411

  • 114 days on market
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.

Details

Property type

Est. home value

$1,335,066

Lot size

7,505 sq ft

Price per sq ft

$254

Year built

1963

HOA

No

Price History

11/08/2024
CLAW

CLAW #24418407

Price change
$1,750,000
+9.38%
07/24/2024
CRMLS

CRMLS #WS23191353

Removed
$1,600,000
07/23/2024
CLAW

CLAW #24418407

Listed
$1,600,000

Schools & Community

Neighborhood: 

Van Nuys

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Impac Multifamily Capital Corp

Loan start date

October 2005

Original loan amount

$525,000

Est. remaining balance

Not provided

Interest rate

5.71%

Loan type

Commercial, 30 year

Seller

Santiago Chavez and Placida Catalan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/15/2024 at 12:45 AM

Listing updated: 11/08/2024 at 5:15 AM

Listed by: Sally Forster Jones, Compass Phone #: (310) 230-5478

MLS: CLAW #24418407

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