18
See all 18 photos
$8,400,000
Est. payment /mo
41 Beds
41 Baths
29,588 SqFt
New
7249 Baird AVE Reseda, CA 91335
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 29,588 sqft
Price per Sqft $283
MLS Listing ID 26105823
Bedrooms 41
HOA Y/N No
Year Built 1989
Lot Size 0.585 Acres
Property 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 errands, shopping, and dining on foot.
Location
State CA
County Los Angeles
Area Res - Reseda
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 66
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2118028047
Special Listing Condition Standard
Listed by Kelly Morgan Houze Real Estate Management #01898026
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