8135 Reseda Boulevard Active

Reseda (los Angeles),CA 91335

$ 2500000

- Bed

0 Bath

9214 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,214 sqft

Price per Sqft $271

MLS Listing ID CL24470641

HOA Y/N No

Year Built 1981

Lot Size 8,502 Sqft

Acres 0.2

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 Listing

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Community Facility,Laundry Room

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 2103007012

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