8135 Reseda BLVD Active Save Request In-Person Tour Request Virtual Tour
Reseda,CA 91335
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,214 sqft
Price per Sqft $271
MLS Listing ID 24470641
Bedrooms 16
Year Built 1981
Lot Size 8,502 Sqft
Property Description
Located across the street from Dignity Health Northridge Hospital, and built in 1981, 8135 Reseda is a 10-unit complex that is NOT SUBJECT TO CITY OF LA RSO (AB-1482). This exemption allows for an 8.8% annual rent increase (CA max - 5% + CPI). This value-add opportunity is offered at $250,000 per unit, $271 per foot, and 11.87 GRM and 5.45% CAP on current rents. 8135 Reseda presents approx. 25% rental upside, and a future investor can reach a 7.44% CAP and 9.56 GRM, by achieving projected market rents for renovated units in the area. Situated just south of Roscoe Blvd, the complex is located across from Dignity Health Northridge Hospital, a major employer with approx. 2,000 employees, and is only 2 miles from California State University, Northridge (CSUN), home to over 38,000 undergraduate and graduate students. For those seeking additional opportunities, this property can be purchased individually or alongside 14245 Roscoe Blvd, a 6-unit complex with approx. 30% rental upside, located 0.3 miles from Panorama Mall and 1 mile from The Plant Shopping Center. Please email or call LA1 for more information.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Common Area,Laundry Room
Exterior
Parking Features Covered,Gated
Community Features Gated
View Y/N No
View None
Building
Story 2
New Construction No
Others
Special Listing Condition Standard