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8135 Reseda Blvd
Reseda, CA 91335

$2,500,000 USD

Apartments For Sale  •  9,214 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,214 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1981
  • Zoning R3-1, Los Angeles
46 Transit Score
68 Walk Score

Highlights

8135 Reseda is a 10-unit complex built in 1981 and not subject to City of LA RSO (AB-1482). This exemption allows for an 8.8% annual rent increase.
Located across the street from Dignity Health Northridge Hospital (approx. 1,800 employee) and 2 miles south of CSUN.
Value-add opportunity with approx. 25% rental upside, 7.44% CAP and 9.56 GRM on market rents based on renovated units in the area.
Offered at $250,000 per unit, $271 per foot, 5.45% CAP and 11.87 GRM on current rents.
Property amenities include gated entry, approx. 14 parking spaces, and community laundry.
Can be purchased individually or in conjunction in 14245 Roscoe Blvd, a 6-unit complex w/ approx. 30% rental upside, located blocks from Panorama Mall

Property Flyers

Amenities

  • Balcony
  • Laundry Facilities
  • Security System

Public Transportation

Commuter RailDriveWalkDistance
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 3 min - 1.3 mi
Chatsworth (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 6.0 mi
AirportDriveWalkDistance
Bob Hope 22 min - 11.3 mi
Los Angeles International 36 min - 24.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Covered
Included in Rent: Yes
Kenny Stevens 310-940-8749 Compass
Kenny Stevens 310-940-8749 Compass