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Listed by: Kelly Morgan (310) 836-3638 DRE #01898026 | Houze Real Estate Management (323) 852-1372
$9,650,000
41 Beds
41 Baths
29,588sqft
7249 Baird Ave, Reseda, CA 91335
$9,650,000
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Multi Family
Built in 1989
$-- HOA
25,500 sqft lot
$326/sq.ft
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 r...
Continue Reading- Houzeo last checked: 39 minutes ago
- Listing updated: July 3, 2026 at 7:22 am
- Source: California Regional MLS-CA | MLS#: 26852325
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1989
HOA Fees
-
Finished Area
29,588 sqft
Lot Size
25,500 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26852325
MLS Status
Active
Days on Market
30
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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