Multifamily Portfolio with ADU
For Sale
$8,960,000
7249 Baird Avenue, Reseda, CA 91335
Two-property, 39-unit multifamily portfolio offering potential development of up to 9 ADUs and in-place income metrics.
Property Size29,588 SF
Price / SF$302.83
Days on Market151
Property Features for 7249 Baird Avenue
General Information
Standard status
Active
Size
29,588 SF
Property subtype
Multi-family
Additional Details
Cap Rate
6.27%
Multifamily Units
39
Building Details
Year Built
1989
Listing Agency:
Houze Real Estate Management
Listed By:
Kelly Morgan · License #01898026
(310) 836-3638
Source:
Sevengables
Added: May 26
Changed: Oct 21
Last Checked: Oct 20 at 11:36PM
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
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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).
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Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
2,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 91335, CA
76,650
Population
25,615
Households
3
Avg Household Size
39
Median Age
30%
College-Educated
78%
High-School Grad
6.6 sq mi
ZIP Area
11,614
Density / Sq Mi
$77,164
Median Household Income
$37,470
Median Earnings
$1,811
Median Rent
$700,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 $8,960,000.
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).
