6500 Shirley Avenue
$3,395,000
24
16
11,754
11,754
$289
Description
16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 6500-10 Shirley Avenue. 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. Because...16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. 6500-10 Shirley Avenue. 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. Because the buildings are on separately deeded parcels, an onsite manager is not required although there is one. The CAP rate increases to 4.53% without an onsite manager. 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 $5,442.42. 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. The property can be purchased along with 19406 Gilmore Ave, 6 units located only 7 parcels from the subject property.
- Listed by Michael A Salerno • DRE #01212427 • Brokerage DRE #01212427 • Michael Anthony Salerno
Property Details for 6500 Shirley Avenue
Zoning
LAR3
Parcel Number2131025015
Total Units16.0
Living Area11754
Source Living AreaAssessor
AreaReseda Ranch (RESR)
Vacancy Rate5
Lot Size Area22859
LISTING UPDATED: 10/29/2024 12:01 AM
Property Details for 6500 Shirley Avenue
Status | Active |
---|---|
MLS # | 24-455178 |
Days on Market | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.52 AC / 22,859 SF |
County | Los Angeles County |
Building Information for 6500 Shirley Avenue
Stories2Residences-Year Built1958Building Size-Lot Size0.52 AC / 22,859 SF
Property Information for 6500 Shirley Avenue
Property History for 6500 Shirley Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6500 Shirley Avenue
Taxable ValueLand$356,539Additions$434,155Total$790,694
Tax Record2024$10,733 ($894 / month)
Home Facts
Total Finished SqFt5,881 SqFtAbove Grade Finished SqFt5,881 SqFtLot Size10,958 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN2131-025-015
Schools near 6500 Shirley Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Public - | 11 to 12 |
Rating | School | Distance |
---|---|---|
Calvert Charter For Enriched Studies CharterK to 5 | ||
Gaspar De Portola Middle School Charter6 to 8 | ||
Reseda Senior High School Charter9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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