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$ 1,425,000
Est. payment | /mo
10 Beds
6 Baths
5,108 SqFt
$ 1,425,000
Est. payment | /mo
10 Beds
6 Baths
5,108 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $278
MLS Listing ID 25506453
Bedrooms 10
HOA Y/N No
Year Built 1954
Lot Size 8,001 Sqft
Property Description
Value-Add 6-Unit Multifamily with ADU Potential in Prime Reseda, CA. An excellent investment opportunity with immediate income and strong upside potential! This 6-unit apartment building in the heart of Reseda offers a 4.75% cap rate with plans ready to issue for two ADUs, boosting the projected cap rate to 7.08%. Property Highlights: Upgraded features Newer roof, copper plumbing, modern flooring, and updated windows. ADU potential RTI plans for 2 additional units, maximizing future rental income. Exceptional value Just $228,125 per unit and $272 per square foot post-ADU. Strong post-ADU cash flow 7.60% pre-tax return after additions. Prime location Walk Score of 86, near shopping, dining, CSUN & transit (Metro Local 240 & DASH Northridge)***Contact us today for details***
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR2
Interior
Fireplace No
Exterior
Parking Features Detached Carport
Total Parking Spaces 13
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2119021017
Special Listing Condition Standard
Listed by Kelly Morgan KW Advisors
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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