6500 Shirley Ave Reseda, CA 91335-5750
Property profile & analytics
6500 Shirley Ave Reseda, CA 91335-5750
- Apartment buildings
- 5,881 SF
- 0.25 lot acres
Property ID
US09-7932618
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 6500 Shirley Ave
- Year built
- 1958
- Construction
- WOOD
- Lot size
- 0.25 lot acres
- Property size
- 5,881 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 2131-025-015
- APU
- 2131025015
Description
This exceptional investment opportunity presents a 16-unit apartment building situated on a substantial 22,859 square foot lot in the desirable Reseda neighborhood of Los Angeles, CA. The property comprises two separately deeded, two-story buildings, each housing eight units. Built in 1958, the 11,754 square foot complex boasts a mix of eight one-bedroom, one-bathroom units and eight two-bedroom, one-bathroom units. The property features a beautiful courtyard, onsite laundry facilities, and individually metered gas and electricity for each unit. Recent upgrades include new electrical panels. The current rents are significantly below market value, presenting a substantial opportunity for increased income. An assumable loan with Chase is available, with a current balance of $1,077,393 at a fixed 3.25% interest rate until February 2029, and a monthly payment of $5,442.42. The property benefits from its central San Fernando Valley location, providing easy freeway access and proximity to California State University, Northridge, Pierce Junior College, Warner Center, and Topanga Plaza Shopping Mall. The property's zoning is LAR3. Parking is provided for 16 vehicles. The asking price is $3,395,000, representing a price per unit of $212,187.50 and a current cap rate of 3.86%. Note that the property is located two blocks west of Tampa and one block north of Victory. An adjacent 6-unit property at 19406 Gilmore Ave is also available for purchase.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Reseda
- County
- Los Angeles
- State
- California
- Longitude
- -118.557
- Latitude
- 34.1883
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,733
$356,539
$434,155
$790,694
-
$0.00
$0.00
$0.00
