6500 Shirley Avenue
Reseda, CA 91335
11754 sqft | 24 beds | 0.52 acres | #24455178
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.
Interior Details
- Bedrooms24
Property Details
- Stories2
Measurements
- Acres0.5248
- Square Feet11754
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1958
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$3,395,000
Other
- MLS #24455178
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael A Salerno (#CLW-X44240)
Listing Office: Michael Anthony Salerno (#CLW-X83177)
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