6500 Shirley Avenue
Reseda, CA 91335
Active for $3,395,000
Beds: 24 Baths: 16 Structure Size: 11,754 sqft Lot Size: 22,859 sqft
| MLS | 24455178 |
| Year Built | 1958 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $3,395,000 |
| Structure Size | 11,754 sqft |
| Lot Size | 22,859 sqft |
| Beds | 24 |
| Baths | 16 |
Description
16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 6500-10 Shirley Avenue. 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 4.53% 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 $5,442.42. 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. **The property can be purchased along with 19406 Gilmore Ave, 6 units located only 7 parcels from the subject property.
Listing information courtesy of: Michael A Salerno, Michael Anthony Salerno 213-866-9801. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Mike Martin
REALTOR®
Direct: 805.304.1155
Email: Email Me
DRE: 02167338
DRE #01873088
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