5.45% CAP & 25% Upside by Northridge Hospital | 8135 Reseda Blvd
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5.45% CAP & 25% Upside by Northridge Hospital 8135 Reseda Blvd
10 Unit Block of Flats £1,961,025 (£196,102/Unit) 5.45% Net Initial Yield Reseda, CA 91335
Investment Highlights
- 8135 Reseda is a 10-unit complex built in 1981 and not subject to City of LA RSO (AB-1482). This exemption allows for an 8.8% annual rent increase.
- Value-add opportunity with approx. 25% rental upside, 7.44% CAP and 9.56 GRM on market rents based on renovated units in the area.
- Property amenities include gated entry, approx. 14 parking spaces, and community laundry.
- Located across the street from Dignity Health Northridge Hospital (approx. 1,800 employee) and 2 miles south of CSUN.
- Offered at $250,000 per unit, $271 per foot, 5.45% CAP and 11.87 GRM on current rents.
- Can be purchased individually or in conjunction in 14245 Roscoe Blvd, a 6-unit complex w/ approx. 30% rental upside, located blocks from Panorama Mall
Executive Summary
Located across the street from Dignity Health Northridge Hospital, and built in 1981, 8135 Reseda is a 10-unit complex that is NOT SUBJECT TO CITY OF LA RSO (AB-1482). This exemption allows for an 8.8% annual rent increase (CA max - 5% + CPI). This value-add opportunity is offered at $250,000 per unit, $271 per foot, and 11.87 GRM and 5.45% CAP on current rents. 8135 Reseda presents approx. 25% rental upside, and a future investor can reach a 7.44% CAP and 9.56 GRM, by achieving projected market rents for renovated units in the area. Situated just south of Roscoe Blvd, the complex is located across from Dignity Health Northridge Hospital, a major employer with approx. 2,000 employees, and is only 2 miles from California State University, Northridge (CSUN), home to over 38,000 undergraduate and graduate students. For those seeking additional opportunities, this property can be purchased individually or alongside 14245 Roscoe Blvd, a 6-unit complex with approx. 30% rental upside, located 0.3 miles from Panorama Mall and 1 mile from The Plant Shopping Center. Please email or call Kenny Stevens for more info.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,961,025 | Apartment Style | Low Rise |
| Price Per Unit | £196,102 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Net Initial Yield | 5.45% | Building Size | 9,214 SF |
| Gross Rent Multiplier | 11.87 | Average Occupancy | 100% |
| No. Units | 10 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Price | £1,961,025 |
| Price Per Unit | £196,102 |
| Sale Type | Investment |
| Net Initial Yield | 5.45% |
| Gross Rent Multiplier | 11.87 |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,214 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1981 |
| Parking Ratio | 1.52/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 2 | £1,569 | - |
| 2+2 | 1 | £1,294 | - |
| 2+1 | 1 | £1,412 | - |
| 1+1 | 6 | £1,118 | - |
PROPERTY TAXES
| Parcel Number | 2103-007-012 | Total Assessment | £439,172 (2024) |
| Land Assessment | £129,163 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £310,010 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2103-007-012
Land Assessment
£129,163 (2024)
Improvements Assessment
£310,010 (2024)
Total Assessment
£439,172 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | R3-1, Los Angeles |
| R3-1, Los Angeles |
-
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5.45% CAP & 25% Upside by Northridge Hospital | 8135 Reseda Blvd
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