$2,500,000
- Beds
- 16
- sq ft
- 9,214
8135 Reseda Blvd, Reseda, CA 91335
8135 Reseda Blvd
Reseda, CA 91335
- 14 days on market
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.
Details
Property type
Lot size
8,502 sq ft
Price per sq ft
$272
Year built
1981
HOA
No
Price History
12/09/2024
CLAW #24470641
Listed
$2,500,000
Schools & Community
Neighborhood:
Reseda
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Gated
Community features:
Gated
Status: Active
Tomo last checked: 12/22/2024 at 9:40 PM
Listing updated: 12/18/2024 at 9:55 PM
Listed by: Kenny Stevens, Compass Phone #: (310) 230-5478
MLS: CLAW #24470641
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