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Cassandra Martinez

cassandram.realtor@gmail.com +1(951) 259-0638

$8,400,000

Est. payment - /mo

41 Beds

41 Baths

29,588 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 29,588 sqft

Price per Sqft $283

MLS Listing ID 26105823

Bedrooms 41

HOA Y/N No

Year Built 1989

Lot Size 0.585 Acres

Property Description

Financial Metrics: 6.35% cap rate, 9.29 GRM upside to 7.11% cap rate and 8.58 GRM after ADU construction costs. Not Subject to LA City Rent Control: Allows for annual increases of 5% + CPI (currently 8.7%)select units due for increases immediately. Value-Add Potential: Offers the potential to add up to 9 ADUs across the two properties; some with patios; select units already upgraded. Location Benefits: Near Sherman Way & Reseda Blvd retail, grocery, dining, pharmacy, parks, CSUN, and Pierce College. Transit Access: One block from the Reseda Blvd/Sherman Way corridor; Metro G Line approximately 1.5 miles away. High Walk Score: 86 Walk Score highly walkable neighborhood for daily errands, shopping, and dining on foot.

Location

State CA

County Los Angeles

Area Res - Reseda

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 66

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2118028047

Special Listing Condition Standard

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Listed by Kelly Morgan Houze Real Estate Management #01898026

NEARBY SCHOOL & BUSINESS

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7249 Baird AVE Reseda, CA 91335