Homes for sale - 6500 Shirley Ave, Reseda, CA 91335

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Sharlotte Blake

sharlotteblake@me.com +1(323) 219-1101

$3,395,000

Est. payment - /mo

24 Beds

16 Baths

11,754 SqFt

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UPDATED:

10/29/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,754 sqft

Price per Sqft $288

MLS Listing ID 24-455178

Bedrooms 24

Year Built 1958

Lot Size 0.525 Acres

Acres 0.2517

Property Description

16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 6500-10 Shirley Avenue. Huge lot - 22,859 sq. ft. with beautiful courtyard. Excellent unit mix - 8 - 1 bedroom + 1 bath and 8 - 2 bedroom + 1 bath units. The buildings were built in 1958 and there is 11,754 sq. ft. of building. Long term owner. The rents are significantly below market with over 50% upside in the rents. Onsite laundry. Individually metered for gas and electricity. New electrical panels. Because the buildings are on separately deeded parcels, an onsite manager is not required although there is one. The CAP rate increases to 4.53% without an onsite manager. There is an excellent assumable loan with Chase. The current loan balance is$1,077,393, 3.25% fixed until 02/2029. The current monthly payment is $5,442.42. The property is centrally located in the San Fernando Valley with easy freeway access. Close to California State University, Northridge, Pierce Junior College, Warner Center and the Topanga Plaza Shopping Mall. **The property can be purchased along with 19406 Gilmore Ave, 6 units located only 7 parcels from the subject property.

Location

State CA

County Los Angeles

Area Reseda

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Refrigerator, Range/Oven

Exterior

Garage Carport Detached

Garage Spaces 16.0

Building

Story 2

Level or Stories One

Others

Special Listing Condition Standard

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Listed by Michael Anthony Salerno

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Sharlotte Blake

+1(323) 219-1101

Broker Associate | License ID: 02035876

Broker Associate License ID: 02035876

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Los Angeles, CA

6500 Shirley Ave Reseda, CA 91335

Sharlotte Blake

Sharlotte Blake

Key Details

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Rooms

Interior

Exterior

Building

Others

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6500 Shirley Ave