6500 Shirley Avenue

Reseda, CA 91335

  • 24 Bed(s)
  • 0 Bath(s)
  • 11,754 Sqft
  • 22859
    Sqft(Lot)
$3,395,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48449610

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Property Details

  • Bedroom Information

    • Total Bedrooms : 24

    Bathroom Information

    • Total Baths: 16
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

  • Building Information

    • Year Built: 1958
    • Building Area Total: 11,754

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5248
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 22859

  • Listing Price Information

    • Original List Price: 3,395,000
    • Listing Contract Date: 2025-01-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2131025015

  • Garage and Parking

    • Garage Description: Detached Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: RES - Reseda
    • Postal Code Plus 4: 5750
    • Directions: One block north of Victory, west of Tampa Ave
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: RES - Reseda

    Building and Construction

    • Property Age: 67
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 11754
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 01/30/2025 @ 17:18

  • MLS: 25489549
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 24 bedrooms which is for sale, it has 11,754 sqft, 22,859 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 Reseda , in zip code 91335, this Los Angeles County Home are nearby neighborhoods.