6251 RESEDA Boulevard
Tarzana, CA 91335

$10,500,000 (Active Under Contract)

Number of Units: 52
Type: Multi-Unit Residential
Listing #17293470
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.
Property Features
Location Information
County: Los Angeles
MLS Area: Tarzana
Latitude: 34.18389
Longitude: -118.53603
Interior Features
Heating: Wall Heater
Cooling: Window Unit(s)
Laundry: Community
Appliances: Built-In BBQ
Entry: Ground Level - no steps
Unit 1 Features: Bedrooms: 1; Bathrooms: 1
Unit 2 Features: Bedrooms: 2; Bathrooms: 1
Unit 3 Features: Bedrooms: 3; Bathrooms: 2
Total Number of Units: 52
Exterior Features
Parking Description: Carport
Has Garage: No
Parking Spaces: 59
Has a Pool: yes
Pool Description: Fenced
Lot Size in Acres: 0
Lot Size in Sq. Ft.: 58, 883
Zoning: LAR3
Additional Information
Property Type: RI
Property SubType: Apartment Building
Year Built: 1960
Tax Parcel Number: 2127012007
Status: Active Under Contract
Units in Complex: 52

$ per month
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Interest Rate
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of Laurie Lustig
CA BRE #00979360 - Laurie J. Lustig
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