6500 Shirley Avenue, Reseda, CA 91335
- $2,800,000
- 24
- BD
- 16
- BA
- 11,754
- SqFt
List Agent Michael A Salerno () 213-866-9801 Michael Anthony Salerno; CoList () Courtesy of Selling Office: Michael Anthony Salerno, Michael A Salerno - Selling Agent DRE# and Courtesy of Listing Office Michael Anthony Salerno, Michael A Salerno - Agent DRE#
- Sold Price
- $2,800,000
- List Price
- $3,225,000
- Closing Date
- Jun 27, 2025
- Status
- CLOSED
- MLS#
- 25489549
- Year Built
- 1958
- Bedrooms
- 24
- Bathrooms
- 16
- Living Sq. Ft
- 11,754
- Lot Size
- 22,859
- Days on Market
- 0
- Property Type
- Multifamily
- Stories
- One Level
Property Description
16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. Huge lot - 22,859 sq. ft. with beautiful courtyard. Excellent unit mix - 8 - 1 bedroom + 1 bath and 8 - 2 bedroom + 1 bath units. The buildings were built in 1958 and there is 11,754 sq. ft. of building. Long term owner. The rents are significantly below market with over 50% upside in the rents. Onsite laundry. Individually metered for gas and electricity. New electrical panels. There is an excellent assumable loan with Chase. The current loan balance is $1,077,393, 3.25% fixed until 02/2029. The current monthly payment is $4,942.42. The Seller has given the tenants a rent increase effective 3/1/25. The rents stated in marketing information reflect the 3/1/25 rent increase. The property is centrally located in the San Fernando Valley with easy freeway access. Close to California State University, Northridge, Pierce Junior College, Warner Center and the Topanga Plaza Shopping Mall.
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Additional Information
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.