CA > Reseda
Reseda, CA 91335,8135 Reseda Blvd
Reseda, CA 91335,8135 Reseda Blvd
Reseda, CA 91335,8135 Reseda Blvd
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John Matukas

John Matukas

+1(323) 377-4961
$2,500,000
Est. payment /mo
16 Beds
14 Baths
9,214 SqFt
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UPDATED:

12/17/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,214 sqft

Price per Sqft $271

MLS Listing ID 24-470641

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 Reseda

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall, Other

Cooling Wall/Window

Equipment Other

Laundry Community, Room

Exterior

Parking Features Covered Parking, Gated

Garage Spaces 14.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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John Matukas

+1(323) 377-4961

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