Roderick 'rick' Raymundo
This listing was posted on RealtyWW.
$6,700,000
Home For Sale In Tarzana, California
Price:
$6,700,000
BR/BA:
10+ BA
Location:
6225 Reseda Blvd, Tarzana, CA
Description:
Constructed in 1962, the two-story building features an attractive unit mix containing mostly two-bedroom units. Current rents sit well below local market rates, allowing a new owner the potential to capitalize on approximately 54% in rent upside. Properties in the Tarzana submarket rarely become available, as only seven such buildings have sold within the past three years, according to CoStar COMPS. Given the recent and continuing development boom in neighboring Warner Center and Woodland Hills, this asset would allow an investor to take advantage of those new and upcoming amenities, albeit at a lower price point. Over the past three years, the average sales price per unit in Woodland Hills has been over $430, 000 per unit, whereas Tarzana sales have averaged only $259, 207 per unit. CAP Rates in Tarzana have also been approximately 51 basis points higher than in Woodland Hills, allowing Tarzana owners to earn greater returns on their investments despite the immediate proximity of the two neighboring cities. Situated near the intersection of Oxnard Street and Reseda Boulevard, the property allows residents convenient access to the new Topanga Village shopping center as well as the recently opened Topanga Social premium food hall. Adjacent to the upcoming Los Angeles Rams practice facility at 21555 Oxnard Street, team owner Stan Kroenke holds land entitled for a potential 35-acre mixed-use development. Proposals for the site show 280, 000 square feet of restaurant and retail offerings, hotels, offices, and residential units. The $1 billion project would provide a significant amenities boost to the already thriving neighborhood, all of which benefits investors in the immediate area.For more details: https://realtyww.info/homes_tarzana-d71967/for-sale_i72881999
Property Type:
Single-Family Houses
Posted:
June 12 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Home For Sale In Tarzana, California
Home For Sale In Tarzana, California is a 10 Bathroom, 10+ BA, 44 Bathroom Single-Family Homes for Sale at 6225 Reseda Blvd in Tarzana CA. Find other listings like Home For Sale In Tarzana, California and listings near 6225 Reseda Blvd by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 44 Bathroom Single-Family Homes for Sale in Tarzana CA.
Home For Sale In Tarzana, California is a 10 Bathroom, 10+ BA, 44 Bathroom Single-Family Homes for Sale at 6225 Reseda Blvd in Tarzana CA. Find other listings like Home For Sale In Tarzana, California and listings near 6225 Reseda Blvd by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 44 Bathroom Single-Family Homes for Sale in Tarzana CA.