Description
Constructed in 1962, the two-story building features an attractive unit mix containing mostly two-bedroom units. current rents sit well below local market rates, allowing a new owner the potential to capitalize on approximately 49% in rent upside. properties in the tarzana submarket rarely become available, as only seven such buildings have sold within the past three years, according to costar comps. given the recent and continuing development boom in neighboring warner center and woodland hills, this asset would allow an investor to take advantage of those new and upcoming amenities, albeit at a lower price point. over the past three years, the average sales price per unit in woodland hills has been over $430,000 per unit, whereas tarzana sales have averaged only $259,207 per unit. cap rates in tarzana have also been approximately 51 basis points higher than in woodland hills, allowing tarzana owners to earn greater returns on their investments despite the immediate proximity of the two neighboring cities. situated near the intersection of oxnard street and reseda boulevard, the property allows residents convenient access to the new topanga village shopping center as well as the recently opened topanga social premium food hall. adjacent to the upcoming los angeles rams practice facility at 21555 oxnard street, team owner stan kroenke holds land entitled for a potential 35-acre mixed-use development. proposals for the site show 280,000 square feet of restaurant and retail offerings, hotels, offices, and residential units. the $1 billion project would provide a significant amenities boost to the already thriving neighborhood, all of which benefits investors in the immediate area.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48458078
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 52
Bathroom Information
- Total Baths: 44
- Full Baths: 0
- Half Baths: 0
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Exterior Features
Building Information
- Year Built: 1962
- Building Area Total: 25,718
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.7438
- Lot Size Source: Assessor
- Lot Size Square Feet: 32400
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Listing Information
Listing Price Information
- Original List Price: 6,200,000
- Listing Contract Date: 2025-01-29
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 2127015031
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: TAR - Tarzana
- Directions: We are pleased to announce the opportunity to purchase 6225 Reseda Boulevard, a 30-unit multifamily property located in Tarzana, CA.
- Zoning: LAR3
- Source Property Type: Residential Income
- Area: TAR - Tarzana
Building and Construction
- Property Age: 63
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 25718
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 17:23
- MLS: 25491197
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 52 bedrooms which is for sale, it has 25,718 sqft, 32,400 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Tarzana , in zip code 91335, this Los Angeles County Home are nearby neighborhoods.