7650 Reseda

    Reseda, CA 91335
    • $6,600,000
    • STATUS: Active Under Contract
    • ON SITE: 133 days
    • ID#: 18371694
    Under Contract
    $6,600,000
    • 0
      BEDS
    • 0.7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,713
      SQFT
    • $278
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to offer for sale The Reseda Keswick Apartments, a 36 unit multifamily property in the Northern Los Angeles community of Reseda in the heart of the San Fernando Valley. Reseda-Keswick Apartment homes offers an investor a unique opportunity to acquire an attractive apartment community with the ability to add significant value through an enhanced interior and common-area renovation program.The community of Reseda is centrally located just west and south of the San Diego (405) Freeway and the Simi Valley (118) Freeway, providing residents convenient access to all areas of Los Angeles including Downtown Los Angeles and Burbank Studios to the south and east, West Los Angeles to the south, and Warner Center to the south and west.Apartment operations continue to improve throughout the Valley . The lack of adequate new supply being introduced to the market coupled with the demand for infill San Fernando Valley apartments has buoyed rents and kept occupancy at over 95%.

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    Based on information from CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.scvnest.com/homes/86208444

    7650 Reseda Reseda, CA 91335

    • Price: $6,600,000
    • Status: Active Under Contract
    • ID#: 18371694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.7
    Acres
    23,713
    SQFT
    $278
    $/SQFT
    1965
    Built
    Neighborhood:
    Reseda (Res)
    County:
    Los Angeles
    Area:
    Reseda (Res)
    Property Description
    We are pleased to offer for sale The Reseda Keswick Apartments, a 36 unit multifamily property in the Northern Los Angeles community of Reseda in the heart of the San Fernando Valley. Reseda-Keswick Apartment homes offers an investor a unique opportunity to acquire an attractive apartment community with the ability to add significant value through an enhanced interior and common-area renovation program.The community of Reseda is centrally located just west and south of the San Diego (405) Freeway and the Simi Valley (118) Freeway, providing residents convenient access to all areas of Los Angeles including Downtown Los Angeles and Burbank Studios to the south and east, West Los Angeles to the south, and Warner Center to the south and west.Apartment operations continue to improve throughout the Valley . The lack of adequate new supply being introduced to the market coupled with the demand for infill San Fernando Valley apartments has buoyed rents and kept occupancy at over 95%.
    Exterior Features

    Parking Features Gated Parking Spaces Total 38

    Interior Features

    Cooling Type Air Conditioning Heating Fuel Natural Gas Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.5 Unit Number Of Bath05 2.0 Unit Number Of Bed01 0 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 3

    Property Features

    Adjusted Gross Income 496240.00 Assessed Improvement Value 3264000.00 Assessed Land Value 2142000.00 Cap Rate 4.40 Country United States Of America Expense Total Annual 200660.00 Gross Operating Income 497365.00 Gross Rent Multiplier 13.30 Hoa YN N Legal Disclosures Take Property As IsRent Control Lot Size Source Public Records Net Operating Income 290810.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 988.00 Unit Monthly Rent02 1124.00 Unit Monthly Rent03 1315.00 Unit Monthly Rent04 1256.00 Unit Monthly Rent05 2043.00 Unit Projected Total Monthly Rent01 12980.00 Unit Projected Total Monthly Rent02 23200.00 Unit Projected Total Monthly Rent03 6400.00 Unit Projected Total Monthly Rent04 8250.00 Unit Projected Total Monthly Rent05 2100.00 Unit Total Monthly Rent01 9880.00 Unit Total Monthly Rent02 17984.00 Unit Total Monthly Rent03 5260.00 Unit Total Monthly Rent04 6280.00 Unit Total Monthly Rent05 2043.00 Unit Type01 10 Unit Type02 16 Unit Type03 4 Unit Type04 5 Unit Type05 1 Units Total In Complex 36 Zoning Lar3

    Listing provided courtesy of Joshua Luchs DRE#01845545 of Cb Richard Ellis, Inc. and Dean Zander CA DRE# 00875853 of Cbre.


    Based on information from CARETS as of 2018-12-13T23:47:16.563. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    RE/MAX of Santa Clarita
    25101 The Old Road
    Santa Clarita CA, 91381