Property Details
About this Property
We are pleased to present the opportunity to acquire a high yield, partially renovated, multifamily asset in prime location Reseda bordering the most desirable neighborhoods in the San Fernando Valley including Calabasas, Tarzana, Encino, and West Hills. 19344 Wyandotte St consists of 57 units, roughly 20 of which have been renovated allowing for notable additional upside in income upon turnover of the remaining unrenovated units. The asset consists of oversized square footage units compromised of primarily 2 bedroom units, while also consisting of a healthy assortment of Studios, 1 Beds, and 3 Beds. The average unit size is 881 square feet based on title records of 50,191 gross building square footage. Ownership will find long term benefit in acquiring an asset at notably below replacement cost of $299 per sqft. The majority of units possess a private small porch or balcony for tenant enjoyment along with 60+ covered parking spaces with small storage lockers at the rear of each parking space. Current gross annual income totals $1,456,117 with a potential full market annual income of $1,865,000+. The $877,925 in-place net operating income yields a 5.85% with potential to achieve a 8.43% cap rate upon renovation of remaining units and full market rents. Additionally, ownershi
MLS Listing Information
MLS #
CRPTP2503080
MLS Source
California Regional MLS
Days on Site
14
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
19344 Wyandotte St is a Residential Income in Reseda, CA 91335. This – square foot property sits on a 1 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $15,000,000 and was built in 1964. This address can also be written as 19344 Wyandotte St, Reseda, CA 91335.
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This listing information is up-to-date as of May 12, 2025. For the most current information, please contact Maxwell Brown, (925) 872-6746
