Multifamily Portfolio with ADU
7249 Baird Avenue Reseda, CA 91335
New
7249 Baird Avenue, Reseda, CA, 91335
$9,650,000
For Sale
$9,650,000
Two-property, 39-unit multifamily portfolio offering potential development of up to 9 ADUs and in-place income metrics.
Days on Market4
Property Features for 7249 Baird Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
Houze Real Estate Management
(559) 638-3651
Listed by
Kelly Morgan ([email protected])
Source
Valleyland
Added: Jul 20 Updated: Jul 22 at 3:07AM Checked: Jul 22 at 3:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houze Real Estate Management
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio totals 39 units across two properties that must be purchased together: 27 units at 7249 Baird Avenue and 12 units at 18540 Wyandotte. The listing’s performance metrics apply to the portfolio as a whole, which is currently showing a 6.27% cap rate and a 10.15 GRM. The portfolio also offers upside through rental increases and the potential development of up to 9 ADUs. Property is sold as is, where is.
The properties are located in Reseda and benefit from an 86 Walk Score, with convenient access to public transportation and nearby retail, dining, parks, and major educational institutions including CSUN and Pierce College. The remarks also state the assets are not subject to LA City Rent Control, allowing for annual rent increases of 5% plus CPI.
Both buildings are on the same block, providing a single-portfolio structure for an investor looking to combine existing cash flow with value-add opportunities tied to rental growth and potential ADU development.
The properties are located in Reseda and benefit from an 86 Walk Score, with convenient access to public transportation and nearby retail, dining, parks, and major educational institutions including CSUN and Pierce College. The remarks also state the assets are not subject to LA City Rent Control, allowing for annual rent increases of 5% plus CPI.
Both buildings are on the same block, providing a single-portfolio structure for an investor looking to combine existing cash flow with value-add opportunities tied to rental growth and potential ADU development.
Key Highlights
- 39‑unit multifamily portfolio in Reseda, CA across two properties on the same block: 7249 Baird (27 units) and 18540 Wyandotte (12 units).
- 1989 year built for the portfolio.
- In‑place performance metrics: 6.27% current cap rate and 10.15 GRM (portfolio‑wide).
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Two-property, 39-unit multifamily portfolio offering potential development of up to 9 ADUs and in-place income metrics.
Where is this apartment building located?
The property is located at 7249 Baird Avenue Reseda, CA.
What is the asking price?
The asking price for this property is $9,650,000.
What are key features of this property?
This property features: 39‑unit multifamily portfolio in Reseda, CA across two properties on the same block: 7249 Baird (27 units) and 18540 Wyandotte (12 units).; 1989 year built for the portfolio.; In‑place performance metrics: 6.27% current cap rate and 10.15 GRM (portfolio‑wide).
