34.21864 -118.53652

8151 RESEDA Los Angeles, CA 91335

233655181 34.21864 -118.53652 213 /listing/233655181-150246182/8151-reseda-los-angeles-ca-91335 False 0 5200000.0 19098 105 38 38 19443624 False
  • $5,200,000
  • 38 bd
  • 38 ba
  • 19,098 sqft
  • 16,993 lot
  • Est payment $27914.72/mo

Property & Neighborhood Info

Courtesy Of Laurie J. Lustig

Multi-Family in Reseda

For sale Camelot Apartments, a value-add 20-unit garden-style building located in the San Fernando Valley neighborhood of Reseda. The property is priced well below replacement cost at $272 per square foot and offers immediate upside as the rents are below market and the building is not rent controlled. At the asking price of $5,200,000, the current cap rate is 4.65% with a GRM of 12.6. We estimate that if a buyer were to spend roughly $20,000 per unit in upgrades, the buyer would achieve a 5.21% cap rate "all in", including the renovation costs. Built in 1987, the property features a desirable unit mix of 18 two-bedroom units and two one-bedroom units averaging almost 900 square feet per unit. The building has gated garage parking with at least one space per bedroom. Units are separately metered for gas and electricity and feature central heat and air conditioning.

Courtesy Of Laurie J. Lustig
  1. 38 Beds
  2. 38 Baths
  3. 19,098 Sq. Ft.
  4. 16,993 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1987
  • Floors: 2
  • County: Los Angeles
  • Units: 20
  • Zoning: LAR3
  • MLS Number:19443624

Additional Features

  • Cooling:
    • Air Conditioning
  • Appliances:
    • Dishwasher
    • Garbage Disposal
  • Parking:
    • Gated
  • Parking Spaces:
    • 42
  • Heating:
    • Central Furnace
  • Gross Income:
    • 401725.00
  • Net Operating Income:
    • 241834.00
  • Annual Expenses:
    • 159892.00
  • Special Conditions:
    • Standard Sale
  • Cap Rate:
    • 4.65
  • Listing Agent License Number:
    • 00979360
  • LP Per SQFT:
    • 272.28
  • SQFT Source:
    • Public Records
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Links Real Estate
Links Real Estate
(323) 469-5114
2738 Belden Dr. Los Angeles CA 90068
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34.21864 -118.53652

8151 RESEDA Los Angeles, CA 91335

233655181 34.21864 -118.53652 213 /listing/233655181-150246182/8151-reseda-los-angeles-ca-91335 False 0 5200000.0 19098 105 38 38 19443624 False
  • $5,200,000
  • 38 bd
  • 38 ba
  • 19,098 sqft
  • 16,993 lot
  • Est payment $27914.72/mo