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6251 RESEDA
6251 RESEDA Tarzana, California 91335 United States

$10,500,000
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Value-Add Opportunity. Approx. 28% upside potential. 6251-6267 Reseda Blvd, Tarzana, CA 91335 with APNs 2127-012-007 and 2127-012-008 is a 52-unit apartment property located in the San Fernando Valley neighborhood of Tarzana, just one mile north...
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Wish Sotheby’s International Realty

$10,500,000
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Single Family Home
1960
Year Built
17293470
Web Id
17293470
MLS ID
Los Angeles Unified School District
School District
50
days ago

About 6251 RESEDA

Value-Add Opportunity. Approx. 28% upside potential. 6251-6267 Reseda Blvd, Tarzana, CA 91335 with APNs 2127-012-007 and 2127-012-008 is a 52-unit apartment property located in the San Fernando Valley neighborhood of Tarzana, just one mile north of Ventura Boulevard. Built in 1960, the Property has been owned by the same family for almost 20 years. The current ownership lightly upgraded a handful of units with new laminate flooring and paint and achieved significantly higher rents. If a buyer were to upgrade the units further and bring all the tenants to market, the upside potential is approximately 28% and the cash-on-cash return is approximately 5%. Reseda Gardens features a swimming pool and a well-manicured lawn in a courtyard-style building. The community is gated with carport parking. Two units feature central heat and air and some units have a balcony or patio. Priced below replacement costs. 3 min drive to 101 Frwy, 5 min drive to Ventura Blvd. 3 min walk to Metro Orange.

Listing Courtesy of Laurie J. Lustig

PROPERTY INFORMATION

Cooling
Window Unit(s)
Heating
Wall Heater
Parking Description
Carport
Pool
Fenced

6251 RESEDA, Tarzana, California 91335 United States is a  for Sale for $10,500,000. Was built in 1960,  and it's composed from .