Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

39

Building size

29,588 sqft

Lot size

25,500 sqft

Year built

1989

Stories

2

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

88

MLS #

244177604

About this property

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. Disclaimer: Property sold as is, where is.

Location

7249 Baird Avenue

Reseda, Los Angeles, CA, 91335