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39 Unit Portfolio with ADU Potential 2 biens • Immeuble residentiel • À vendre 13 738 995 $ CAD • Reseda, CA
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Faits saillants de l'investissement
- Financial Metrics: 6.27% Cap Rate, 10.15 GRM, with upside after ADU construction costs to a 7.03% Cap Rate and 9.33 GRM.
- Value Add Potential: Both properties allow up to 9 ADUs, some with patios. Select existing units have already been beautifully upgraded.
- Convenient Transit Access: One block from Reseda Blvd and Sherman Way transit corridor, and the Metro G Line about 1.5 miles away.
- Not Subject to LA City Rent Control: Allows 5% + CPI Annual Rental Increases. Select units currently due for increases up to 8%.
- Location Benefits: Near Sherman Way and Reseda Blvd retail, grocery stores, restaurants, parks, CSUN, Pierce College, and other local amenities.
- High Walk Score: Very walkable neighborhood with 86 Walk Score, allowing most daily errands, shopping, dining, and services to be completed on foot.
Résumé de l'annonce
The Kelly Morgan Commercial Group is pleased to present a rare opportunity to acquire a 39 unit multifamily portfolio consisting of two properties located on the same block in Reseda, California (both properties to be purchased together). The portfolio offers strong in place cash flow with a current 6.27% cap rate and 10.15 GRM, along with significant upside through rental increases and the potential development of up to 9 ADUs. Unlike many Los Angeles apartment properties, the assets are not subject to LA City Rent Control, allowing for annual rent increases of 5% plus CPI. Ideally located near Sherman Way and Reseda Boulevard, the properties benefit from an 86 Walk Score, convenient access to public transportation, nearby retail, dining, parks, and major educational institutions including CSUN and Pierce College. Combining immediate income, value-add potential, and a highly desirable San Fernando Valley location, 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.
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.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 13 738 995 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 464,34 $ CAD / pi² | Individuellement en vente | 0 |
| Taux de capitalisation | 6,14% | Taille totale du bâtiment | 29 588 pi² |
| Type de vente | Investissement | Superficie totale du terrain | 0,58 AC |
| Statut | Actif |
| Prix | 13 738 995 $ CAD |
| Prix/pi² | 464,34 $ CAD / pi² |
| Taux de capitalisation | 6,14% |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 29 588 pi² |
| Superficie totale du terrain | 0,58 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Baird Apartments
7249 Baird Ave, Reseda, CA 91335 |
Immeuble residentiel | 21 476 pi² | 1989 | - |
|
Wyandotte Apartments
18540 Wyandotte St, Reseda, CA 91335 |
Immeuble residentiel | 8 112 pi² | 1989 | - |
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39 Unit Portfolio with ADU Potential
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