8151 RESEDA
8151 RESEDA Reseda, Californie 91335 États-Unis

$5,200,000
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For sale Camelot Apartments, a value-add 20-unit garden-style building located in the San Fernando Valley neighborhood of Reseda. The property is priced well below replacement cost at $272 per square foot and offers immediate upside as the rents...

Laurie J. Lustig

Listing Courtesy of Laurie J. Lustig
$5,200,000
AUTRE DEVISE
38
Chambres
38
Salles de bains
19,098 pi. ca.
Intérieur
Single Family Homes
Type de propriété
1987
Année de construction
19443624
Identifiant Web
19443624
Identifiant MLS
Los Angeles Unified
Arrondissement scolaire
20
il y a jours

À propos de 8151 RESEDA

For sale Camelot Apartments, a value-add 20-unit garden-style building located in the San Fernando Valley neighborhood of Reseda. The property is priced well below replacement cost at $272 per square foot and offers immediate upside as the rents are below market and the building is not rent controlled. At the asking price of $5,200,000, the current cap rate is 4.65% with a GRM of 12.6. We estimate that if a buyer were to spend roughly $20,000 per unit in upgrades, the buyer would achieve a 5.21% cap rate "all in", including the renovation costs. Built in 1987, the property features a desirable unit mix of 18 two-bedroom units and two one-bedroom units averaging almost 900 square feet per unit. The building has gated garage parking with at least one space per bedroom. Units are separately metered for gas and electricity and feature central heat and air conditioning.

Listing Courtesy of Laurie J. Lustig

PROPERTY INFORMATION

Appliances
Dishwasher, Garbage Disposal
Cooling
Air Conditioning
Heating
Central Furnace
Parking Description
Garage

8151 RESEDA, Reseda, Californie 91335 États-Unis is a Single Family Homes for Vente for $5,200,000. Was built in 1987, has 19,098 Pi.ca.  and it's composed from 38 bedrooms, 38 full baths .


Listing Courtesy of Laurie J. Lustig

Laurie J. Lustig

Listing Courtesy of Laurie J. Lustig
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