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Property Details: • Type: Multi-Family • Bedrooms: 41 • Bathrooms: 41 • Square Feet: 29588 • Lot/Size: 25,500 sqft lot
Description: Financial Metrics: 6.35% cap rate, 9.29 GRM upside to 7.11% cap rate and 8.58 GRM after ADU construction costs. Not Subject to LA City Rent Control: Allows for annual increases of 5% + CPI (currently 8.7%)select units due for increases immediately. Value-Add Potential: Offers the potential to add up to 9 ADUs across the two properties; some with patios; select units already upgraded. Location Benefits: Near Sherman Way & Reseda Blvd retail, grocery, dining, pharmacy, parks, CSUN, and Pierce College. Transit Access: One block from the Reseda Blvd/Sherman Way corridor; Metro G Line approximately 1.5 miles away. High Walk Score: 86 Walk Score highly walkable neighborhood for daily err
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