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$ 1,425,000
Est. payment | /mo
5,108 SqFt
$ 1,425,000
Est. payment | /mo
5,108 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $278
MLS Listing ID CL25506453
HOA Y/N No
Year Built 1954
Lot Size 8,003 Sqft
Acres 0.18
Property Sub-Type Other
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
Zoning LAR2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 2119021017
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Listed by Kelly Morgan • KW Advisors