Commercial For Sale | Multifamily | Apartment building / Mid Rise / 5-9 stories high
7108 Amigo Avenue . Reseda , CA 91335
For sale 34 unit apartment building in Reseda , California. Non Rent Control 2017 construction. This opportunity is perfect for the investor who wants ease of management and a good day-1, stabilized cash-on-cash return. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Posted: 02/24/2022 5:18 pm
| On HOMEiZ: 792 days |
Updated: 2 years ago
| Views: 409
Location Map
Property Type
Sold
Property Price
$13900000
$13900000
02/25/2022
0.46
Acres
$352
39524
Contact listing agent%
3.65%
$0
$507350
17.54
$0
1.25%
$173750
Property Location & Description
For sale 34 unit apartment building in Reseda , California. Non Rent Control 2017 construction. This opportunity is perfect for the investor who wants ease of management and a good day-1, stabilized cash-on-cash return. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Non Rent Control
This 38,276 sqft apartment building sits on a large, corner lot of nearly half an acre, and it
was built in 2017, meaning it is not subject to any rent control (state or local). The property
boasts an excellent unit mix of (3) 1 Bed / 2 Bath Units, (30) 2 Bed / 2 Bath Units, and the
seller is currently converting the 500 sqft office space to a studio ADU. This ADU conversion
will be completed before close of escrow, and therefore the buyer will have 34 legal units
at close. Furthermore, three of the units are designated for low income tenants, and all
three of those are 2 bed units.
Reseda , CA.
34
$408824
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+2
3
2.
2+2
30
3.
office 500SF to be converted to a Single unit.
1
4.
5.
2126-006-015
LARAS3
100%
Wood & Stucco
4
2017
Very good
Newer Construction, 2017 Built
No Rent Control (State of Local)
Great Unit Mix - 88% are 2 Bedroom
2 Baths for All Units Except ADU
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
No Data
Investment Overview
Investor
Energy Efficiency
No
4
Years
N/A
N/A
No
Yes
No
No
Neighborhood lifestyle
Urban Core
More information
Not in MLS
Listing Presented by
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