7118 Reseda Blvd Reseda, CA 91335-4210

Property Details for 7118 Reseda Blvd

Year built

1931

Construction

TILT-UP CONCRETE

Lot size

0.16 lot acres

Property size

6,685 SF

Zone code

LAC2

Property type

Investment properties

Property subtype

Retail residential properties

APN

2125-001-018

APU

2125001018

Description

This exceptional 7,120 square foot office building presents a compelling investment opportunity in the thriving city of Reseda, California. Situated on a 0.16-acre lot at 7118 Reseda Boulevard, this property enjoys a prime location with high visibility and significant traffic flow, ensuring maximum exposure. The building's current configuration offers substantial potential for redevelopment, particularly as an all-affordable housing project. This presents a unique chance for developers to capitalize on the growing demand for affordable housing in this rapidly expanding area. Furthermore, the existing month-to-month rental agreements on all units provide an immediate income stream and a flexible transition for owner-users seeking to expand their business operations. The strategic location on Reseda Boulevard, in the heart of Reseda, guarantees excellent accessibility and visibility, making it an ideal location for a variety of commercial ventures. This property is priced at $2,995,000 and offers a rare combination of immediate income potential and significant long-term development prospects. Don't miss this chance to acquire a high-value asset in a dynamic and rapidly growing market. Serious inquiries only.

Location Insight

City

Reseda

County

Los Angeles

State

California

Longitude

-118.536

Latitude

34.2

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments