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Multifamily For Sale • 29,588 SF
| Financial Metrics: 6.27% Cap Rate, 10.15 GRM, with upside after ADU construction costs to a 7.03% Cap Rate and 9.33 GRM. |
| Not Subject to LA City Rent Control: Allows 5% + CPI Annual Rental Increases. Select units currently due for increases up to 8%. |
| Value Add Potential: Both properties allow up to 9 ADUs, some with patios. Select existing units have already been beautifully upgraded. |
| Location Benefits: Near Sherman Way and Reseda Blvd retail, grocery stores, restaurants, parks, CSUN, Pierce College, and other local amenities. |
| Convenient Transit Access: One block from Reseda Blvd and Sherman Way transit corridor, and the Metro G Line about 1.5 miles away. |
| High Walk Score: Very walkable neighborhood with 86 Walk Score, allowing most daily errands, shopping, dining, and services to be completed on foot. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 2.4 mi |
| 7 min | - | 2.4 mi | |
| Airport | Drive | Walk | Distance |
| Bob Hope | 24 min | - | 10.3 mi |
| Los Angeles International | 35 min | - | 23.8 mi |
| Long Beach (Daugherty Field) | 54 min | - | 41.3 mi |
Kelly Morgan
Kelly Morgan Multifamily Group
Kelly Morgan
Kelly Morgan Multifamily Group
