Map of Property

6500-10 Shirley Ave

6500 - 10 Shirley Avenue, Los Angeles, CA 91335

  • For Sale $3,395,000
  • Property Type Multi-Family
  • Property Size 11,764 SF
  • Units 16
  • Lot Size 0.52 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 16
  • Year Built 1958
  • Date Updated Oct 28, 2024
2 block west of Tampa, 1 block north of Victory16 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 4.53% 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 $5,442.42. 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. **The property can be purchased along with 19406 Gilmore Ave, 6 units located only 7 parcels from the subject property.

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Highlights

  • Twin 8 - unit buildings
  • Huge lot - 22,859 sq. ft.
  • Excellent unit mix (8 - 1bd+1ba & 8 - 2bd+1ba) with over 50% upside in the rents
  • New electrical panels
  • Excellent assumable loan - 3.25% fixed for 5 more years

Contacts

broker

Mike Salerno

Los Angeles - Investment Services Group

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Transit Score ®

    49/100 Some Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Los Angeles, CA
  • Neighborhood Reseda
  • Zip Code 91335
  • Market Los Angeles

Points of Interest

  • Van Nuys

    6.50 miles

  • Lower Tram Station

    8.38 miles

  • Upper Tram Station

    8.93 miles

  • Sylmar/San Fernando

    9.45 miles

  • Mobil

    0.26 miles

  • Arco

    0.89 miles

  • 76 Gas Station

    0.93 miles

  • Shell

    1.24 miles

  • 7-Eleven

    1.28 miles

  • ARCO

    1.38 miles

  • Chevron

    2.26 miles

  • Chargie

    3.67 miles

  • B2 Charging Station

    3.67 miles

  • G3 Charging Station

    3.89 miles

  • Admissions Parking Lot 1

    1.05 miles

  • 2

    1.05 miles

  • Vallet Parking

    1.06 miles

  • Staff Parking

    1.07 miles

  • Parking Lot 3

    1.19 miles

  • Victory Parking Lot 7

    1.21 miles

  • Parking Lot 4

    1.25 miles

  • Performing Arts Parking Lot 6 East

    1.30 miles

  • Stadium Parking Lot 5

    1.32 miles

  • Performing Arts Parking Lot 6 West

    1.38 miles

  • St. George Inn & Suites

    1.11 miles

  • Tarzana Inn

    1.16 miles

  • 818 Hotel + Pool, Ascend Hotel Collection

    1.53 miles

  • Extended Stay America

    1.58 miles

  • Howard Johnson by Wyndham Reseda Hotel & Suites

    1.72 miles

  • Home2 Suites

    2.18 miles

  • Hilton

    2.28 miles

  • Courtyard

    2.52 miles

  • Warner Center Marriott

    2.78 miles

  • Knights Inn

    2.89 miles

  • Fab Hot Dogs

    0.11 miles

  • Pizza Hut

    0.11 miles

  • Subway

    0.18 miles

  • Carl's Jr.

    0.19 miles

  • Del Taco

    0.44 miles

  • Mission Burrito (Winnetka)

    0.50 miles

  • The Pizzeria Factory

    0.59 miles

  • WVOC Westside Cafe

    0.82 miles

  • Cupid's Hot Dogs

    0.84 miles

  • Daglas Drive-In

    0.85 miles

  • Shirley Avenue Elementary School

    0.56 miles

  • Shirley Elementary School

    0.59 miles

  • Vanalden Elementary School

    0.64 miles

  • Calvert Street Elementary School

    0.64 miles

  • AGBU Manoogian-Demirdjian School

    0.66 miles

  • WVOC Video Production Class

    0.75 miles

  • West Valley Occupational Center

    0.80 miles

  • WVOC High School Equivalency Preparation

    0.82 miles

  • Leichman Career and Transition Center

    0.85 miles

  • "Pierce Village"

    0.94 miles

  • Lokrantz School

    1.05 miles

  • Child Development

    1.38 miles

  • Sage Academy

    1.80 miles

  • Winnetka Childcare Center

    2.48 miles

  • Sunrise Child Care

    3.80 miles

  • Dora's Childcare

    4.28 miles

  • YMCA Child Care

    4.41 miles

  • Penny & Peggy Nairn 24 Hour Childcare

    5.08 miles

  • Tiny Thinkers Preschool

    5.42 miles

  • Valley Presbyterian School

    5.81 miles

Frequently Asked Questions

How much does 6500-10 Shirley Ave cost?

The space currently listed for sale at 6500-10 Shirley Ave asks for $3,395,000.

What is the total square footage of 6500-10 Shirley Ave?

6500-10 Shirley Ave totals 11,764 square feet.

When was this property built?

6500-10 Shirley Ave was built in 1958.

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Contact Listing Broker

broker

Mike Salerno

Los Angeles - Investment Services Group