6500 Shirley AVE new 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 11,754 sqft
Price per Sqft $288
MLS Listing ID 24455178
Bedrooms 24
Year Built 1958
Lot Size 0.525 Acres
Property Description
16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 6500-10 Shirley Avenue. 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 4.53% 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 $5,442.42. 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. **The property can be purchased along with 19406 Gilmore Ave, 6 units located only 7 parcels from the subject property.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Exterior
Garage Detached Carport
Building
Story 2
New Construction No
Others
Special Listing Condition Standard