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(323) 864-4211
Linda Roth Burrell
7249 Baird Ave, Reseda, CA 91335
- $8,400,000
- 41
- BD
- 41
- BA
- 29,588
- SqFt
- List Price
- $8,400,000
- MLS#
- 26105823
- Year Built
- 1989
- Bedrooms
- 41
- Bathrooms
- 41
- Living Sq. Ft
- 29,588
- Lot Size
- 25,500
- Days on Market
- 0
- Property Type
- Multifamily
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.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Central, Wall/Window
- Number of Cars in Garage
- Covered Parking
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Courtesy of Houze Real Estate Management, Kelly Morgan - CA DRE#01898026
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