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7235 Baird Ave
Reseda, CA 91335
Multifamily Property For Sale
·
38 Units
Executive Summary
7235 Baird Ave | 38 Units | Built 1987
Positioned on a 32,332 SF lot, 7235 Baird Avenue is a well-maintained three-story, 35,880 SF apartment community featuring a highly desirable unit mix of four 1-bedroom units and thirty-four 2-bed/2-bath units. Residents enjoy a community pool, on-site laundry, and gated parking, which also provides supplemental parking income.
Current average rents of $1,832 for one-bedrooms and $1,988 for two-bedrooms offer approximately 17% rental upside, and active participation in a RUBS program that helps streamline operating expenses. As a 1987 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth and a 5% hedge on top of inflation.
With its large unit sizes, strong amenity mix, and clear revenue growth potential, 7235 Baird Avenue presents a compelling opportunity in a consistently high-demand Reseda location.
Positioned on a 32,332 SF lot, 7235 Baird Avenue is a well-maintained three-story, 35,880 SF apartment community featuring a highly desirable unit mix of four 1-bedroom units and thirty-four 2-bed/2-bath units. Residents enjoy a community pool, on-site laundry, and gated parking, which also provides supplemental parking income.
Current average rents of $1,832 for one-bedrooms and $1,988 for two-bedrooms offer approximately 17% rental upside, and active participation in a RUBS program that helps streamline operating expenses. As a 1987 construction, the asset is exempt from the Los Angeles RSO and operates under AB 1482 (5% + CPI), supporting predictable annual rent growth and a 5% hedge on top of inflation.
With its large unit sizes, strong amenity mix, and clear revenue growth potential, 7235 Baird Avenue presents a compelling opportunity in a consistently high-demand Reseda location.
Property Facts
| Sale Type | Investment | Lot Size | 0.74 AC |
| No. Units | 38 | Building Size | 50,208 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Building Class | C | Parking Ratio | 0.75/1,000 SF |
| Zoning | LAC2 - Commercial | ||
| Sale Type | Investment |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 50,208 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | LAC2 - Commercial |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Kitchen
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Energy Star Labeled
- Elevator
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 750 |
| 2+2 | 34 | - | 950 |
Property Taxes
| Parcel Number | 2118-028-025 | Improvements Assessment | $2,710,315 CAD |
| Land Assessment | $1,066,343 CAD | Total Assessment | $3,776,658 CAD |
Property Taxes
Parcel Number
2118-028-025
Land Assessment
$1,066,343 CAD
Improvements Assessment
$2,710,315 CAD
Total Assessment
$3,776,658 CAD
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