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.