6500 Shirley Avenue, Reseda CA, 91335

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Active

6500 Shirley Avenue

Reseda CA, 91335

$3,395,000

$288.84 per sqft

Active

24 Beds

16 Baths

11,754 sqft

Residential

Built in 1958

Listed by Michael A Salerno with Michael Anthony Salerno 213-866-9801

16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 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 4.97% 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 $4,942.42. The Seller has given the tenants a rent increase effective 3/1/25. The rents stated in marketing information reflect the 3/1/25 rent increase. 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.

25489549

MLSⓇ ID

January 27, 2025

Listed

January 29, 2025

Updated

Map

6500 Shirley Avenue
Reseda CA, 91335

Interior Features

Total Stories: 1
Bedrooms: 24
Total Bathrooms: 16
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 0.52 Acres

Other Property Details

Area Name: RES - Reseda
Days on Market: 2
Garage: No
Parking: Detached Carport
Parking Total: 16
View: No
County: Los Angeles
Pool: No
Zoning: LAR3

Listing Contact: 310-200-1309

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/29/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/29/2025 at 5:57 PM UTC