7249 Baird Ave, Reseda, CA 91335
7249 Baird Ave, Reseda, CA 91335
7249 Baird Ave, Reseda, CA 91335
7249 Baird Ave, Reseda, CA 91335
7249 Baird Ave, Reseda, CA 91335
7249 Baird Ave, Reseda, CA 91335
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 8,400,000
Est. payment | /mo

41 Beds

41 Baths

29,588 SqFt


Save
$ 8,400,000
Est. payment | /mo
Save

41 Beds

41 Baths

29,588 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 29,588 sqft

Price per Sqft $283

MLS Listing ID 26105823

Bedrooms 41

Year Built 1989

Lot Size 0.585 Acres

Property Sub-Type Multi-Family

Property Description

Financial Metrics: 6.35% cap rate, 9.29 GRM upside to 7.11% cap rate and 8.58 GRM after ADU construction costs. Not Subject to LA City Rent Control: Allows for annual increases of 5% + CPI (currently 8.7%)select units due for increases immediately. Value-Add Potential: Offers the potential to add up to 9 ADUs across the two properties; some with patios; select units already upgraded. Location Benefits: Near Sherman Way & Reseda Blvd retail, grocery, dining, pharmacy, parks, CSUN, and Pierce College. Transit Access: One block from the Reseda Blvd/Sherman Way corridor; Metro G Line approximately 1.5 miles away. High Walk Score: 86 Walk Score highly walkable neighborhood for daily errands, shopping, and dining on foot.

Location

State CA

County Los Angeles

Area Reseda

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Central, Wall/Window

Equipment None

Exterior

Parking Features Covered Parking

Garage Spaces 66.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Houze Real Estate Management

Schools and Properties Nearby

Learn More About LPT Realty

Name
Phone*
Message
Tour the Home

7249 Baird Ave