PRICE REDUCED 39U | 1989 Build | 6.5 Cap Multi-Family FOR SALE


Reseda, CA
$8,960,000 USD
310-836-3638
, Reseda, CA for Sale
$8,960,000 USD
Multi-Family - FOR SALE
1/18
null | 6.5% Cap Rate

PRICE REDUCED 39U | 1989 Build | 6.5 Cap
Reseda, CA


HIGHLIGHTS

  • Financial Metrics: 6.5% cap rate, 9.58 GRM — upside to 7.29% cap rate and 8.84 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.

OVERVIEW

MAJOR PRICE REDUCTION - Kelly Morgan Multifamily Group presents a rare opportunity to acquire a 39 unit, two-property portfolio on the same block in Reseda (both properties to be purchased together). Priced to move, the offering combines immediate cash flow with significant upside through rental increases and ADU development, all in one of the San Fernando Valley's most walkable and well-located submarkets. Steps from Sherman Way and Reseda Boulevard, these properties offer convenient access to public transportation, nearby retail, dining, parks, and major educational institutions. Overall, this portfolio presents an attractive opportunity for investors seeking both cash flow and long-term appreciation. Contact us today to request the OM or schedule a private tour. **Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com** Disclaimer: Property sold as is, where is.

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310-836-3638

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310-836-3638

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