$4,350,000
$4,200,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 05/06/2022
Key Details
Sold Price $4,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22127075
Sold Date 05/06/22
HOA Y/N No
Year Built 1962
Lot Size 0.336 Acres
Property Description
This well maintained 16-unit apartment complex located in a quiet residential neighborhood of Reseda, CA. This property was built in 1962 and features 6 one bedroom one-bathroom units, and 10 two-bedroom one-bathroom units. The property has secured gated access for tenants as well as the parking, located in the rear of the property. The property is centrally located in the south San Fernando Valley; a quiet residential neighborhood on the border of Tarzana and Encino. The property is north of the 101 Freeway, close to major transportation, walking distance to the Reseda Recreation Center, Reseda High School, and endless amenities. This well-maintained asset has the opportunity to renovate interiors and achieve market rents, which are over 30% higher than current rents. Earthquake retrofit work complete (buyer to verify).
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered
Total Parking Spaces 16
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2125017001
Special Listing Condition Standard
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Bought with David Kaufman • David Ballin Kaufman
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States