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$9,650,000

For Sale

10 days ago

7249 Baird Ave, Reseda, CA

House

MLS® 26852325

41 Bed

41 Bath

29588 sqft

70 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 29588 sqft
Garage 
Taxes 
Days Active 9
Lot Size 0.5854 Acres
Approx. Age 1989
Avg. Price Per Sqft $326
MLS® Number 26852325

Property Address: 7249 Baird Ave, Reseda, CA, 91335-3083

Average square foot calculated using Size range provided by listing agent.

Description

The Kelly Morgan Commercial Group is pleased to present a rare opportunity to acquire a 39 unit multifamily portfolio consisting of two properties located on the same block in Reseda, California: 27 units at 7249 Baird & 12 units at 18540 Wyandotte (both properties must be purchased together). The metrics on this listing pertain to the portfolio, not individually. The portfolio offers strong in place cash flow with a current 6.27% cap rate and 10.15 GRM, along with significant upside through rental increases and the potential development of up to 9 ADUs. Unlike many Los Angeles apartment properties, the assets are not subject to LA City Rent Control, allowing for annual rent increases of 5% plus CPI. Ideally located near Sherman Way and Reseda Boulevard, the properties benefit from an 86 Walk Score, convenient access to public transportation, nearby retail, dining, parks, and major educational institutions including CSUN and Pierce College. Combining immediate income, value-add potential, and a highly desirable San Fernando Valley location, this portfolio presents an attractive opportunity for investors seeking both cash flow and long-term appreciation. Disclaimer: Property sold as is, where is.
MLS® Number26852325
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1989
Basement
DrivewayCovered
Garage Spaces
HeatWall Furnace
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2026List Date
$9,650,000List Price
  • Commute

Commute

Starting Address
Destination Address
7249 Baird Ave, Reseda, CA

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