6500 Shirley Avenue, Reseda, CA 91335 - Berkshire Hathaway HomeServices California Properties
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6500 Shirley Avenue, Reseda, CA 91335

$3,225,000 Approx. USD 24 beds, 16 baths
11,754 sqft

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Listing Agent


Michael A Salerno | mike.salerno@lee-associates.com
Lic#: 01212427
Broker: Courtesy of Michael Anthony Salerno

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 25489549
List price is $3,225,000 Reduced by $170,000 on 4/9/2025
Price: $3,225,000
Beds: 24
Baths: 16
Built in 1958
11,754 sqft
1 story
0.52 acres
Lot size: 0.5248
County: Los Angeles
Zoning: LAR3
Parking description: Detached Carport
Heating/cooling: Wall/Window Unit(s)
MLS area: RES - Reseda

Last Updated: 4/30/2025

 Days On Market (DOM): 92

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This listing belongs to the RES - Reseda MLS area

Lat/Long: 34.188346, -118.556826.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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