Homes for sale - 8135 Reseda BLVD, Reseda, CA 91335

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Lynette Williams

lynette.williams@exprealty.com +1(323) 251-6011

$ 2,500,000

Est. payment | -/mo

16 Beds

14 Baths

9,214 SqFt

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$ 2,500,000

Est. payment | -/mo

Save

16 Beds

14 Baths

9,214 SqFt

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

HOA Y/N No

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)

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Covered, Gated

Community Features Gated

View Y/N No

View None

Total Parking Spaces 14

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2103007012

Security Features Gated Community

Special Listing Condition Standard

Listed by Kenny Stevens • Compass

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(323) 251-6011

lynette.williams@exprealty.com

303 N Glenoaks Blvd, Burbank, CA, 91502, USA

8135 Reseda BLVD Reseda, CA 91335