6500 Shirley Avenue, Reseda, CA 91335
-
Listed Price :
$3,395,000
-
Beds :
24
-
Baths :
16
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Property Size :
11,754 sqft
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Year Built :
1958
Property Description
16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 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 4.97% 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 $4,942.42. The Seller has given the tenants a rent increase effective 3/1/25. The rents stated in marketing information reflect the 3/1/25 rent increase. 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.
Interior Features
| Bedroom Information |
| Bedrooms |
24 |
| Bathroom Information |
| Bathrooms |
16 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
6500 Shirley Avenue |
| City |
Reseda |
| State |
CA |
| Zip |
91335 |
| County |
Los Angeles |
| Listing Agent |
Michael A Salerno DRE #01212427 |
| Courtesy Of |
Michael Anthony Salerno |
| List Price |
$3,395,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
11,754 |
| Lot Size |
22,859 |
| Year Built |
1958 |
Listing information courtesy of: Michael A Salerno, Michael Anthony Salerno. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 29th, 2025 at 5:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
