1 of 26

Want to see this property?

6500 Shirley Avenue

Reseda, CA 91335

– beds
– baths
– sqft
~1/2 acre lot
1958 build
– on site

16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. Huge lot - 22,859 sq. ft. with beautiful courtyard. Excellent unit mix - 8 - 1 bedroom + 1 bath and 8 - 2 bedroom + 1 bath units. The buildings were built in 1958 and there is 11,754 sq. ft. of building. Long term owner. The rents are significantly below market with over 50% upside in the rents. Onsite laundry. Individually metered for gas and electricity. New electrical panels. Because the buildings are on separately deeded parcels, an onsite manager is not required although there is one. The CAP rate increases to 4.97% without an onsite manager. There is an excellent assumable loan with Chase. The current loan balance is $1,077,393, 3.25% fixed until 02/2029. The current monthly payment is $4,942.42. The Seller has given the tenants a rent increase effective 3/1/25. The rents stated in marketing information reflect the 3/1/25 rent increase. The property is centrally located in the San Fernando Valley with easy freeway access. Close to California State University, Northridge, Pierce Junior College, Warner Center and the Topanga Plaza Shopping Mall.

Listed By CRMLS_CA / Michael A Salerno / Michael Anthony Salerno

Last checked: Checking… • Last updated Mar 24, 2025 •

MLS# 25489549 —

The Building

Year Built:

1958
New Construction:

No
Building Area Total:

11754.00
Total Number Of Units:

16
# of Buildings:

2
Stories Total:

2

Interior

Levels:

One

Location

Directions:

One block north of Victory, west of Tampa Ave
Latitude:

34.18834600
Longitude:

-118.55682600

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

22859.0000
Lot Size Acres:

0.5248
Lot Size SqFt:

22859.00
Lot Size Source:

Assessor

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2131025015

Heating & Cooling

Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Detached Carport
Parking Spaces:

16.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/27/25 Jan 27, 2025	Listed / Active	CRMLS_CA	$3,395,000
10/22/24 Oct 22, 2024	Listed / Active	CRMLS_CA

Want a closer look?

Go see 6500 Shirley Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in South Valley, Los Angeles, CA 91335 is currently for sale for $3,395,000. 6500 Shirley Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 60 days. 6500 Shirley Avenue is in the South Valley neighborhood of Los Angeles and has a WalkScore® of 52, making it somewhat walkable.

Listing Courtesy of: CRMLS_CA and Michael Anthony Salerno. Based on information from California Regional Multiple Listing Service, Inc. as of 16:57 on Mar 28.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.