6500 Shirley Avenue, Reseda, CA 91335

About this property

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 description from the June 2025 sale, as reported to CRMLS.

Sale history

$2,800,000

Sold June 2025 · listed $3,225,000, orig. $3,395,000, on market January 2025 · MLS #25489549 · Source: CRMLS

Listing Agent: Michael A Salerno · Listing Office: Michael Anthony Salerno · Contact: 310-200-1309 · Bought with: Michael A Salerno · Michael Anthony Salerno

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