7118 Reseda BlvdReseda, CA 91335
- Mixed-use properties
- 6,685 SF
Property Details for 7118 Reseda Blvd
- Year built
- 1931
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 6,685 SF
- Zone code
- LAC2
- Property type
- Mixed-use properties
- Property subtype
- Other investment 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,399,599
- 6.5%
- $2,215,014
- 7%
- $2,056,799
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,970,390
- Geo Method
- $1,970,390
-
Alternative Use
- Use
- Valuation
- Residential
- $2,215,014
- Hospitality
- $2,028,941
- Educational
- $1,688,055
- Medical
- $1,746,110
- Retail
- $2,625,864
Location Insight
- City
- Reseda
- County
- Los Angeles
- State
- California
- Latitude
- 34.2
- Longitude
- -118.536
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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