19344 Wyandotte Street

Reseda, CA 91335

  • 0 Bed(s)
  • 0 Bath(s)
  • 50,191 Sqft
  • 56192.4
    Sqft(Lot)
$15,000,000

Description

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, ownership has seen lower than traditional vacancy operations due to attractive asset grounds and micro location adjoining to the low density single family neighborhood.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49569779

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 50,191

    Pool Features

    • Community

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 1.29
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 56192.4

  • Listing Price Information

    • Original List Price: 15,000,000
    • Listing Contract Date: 2025-04-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2116018030

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: RES - Reseda
    • Directions: GPS
    • Zoning: RD 2-1
    • Source Property Type: Residential Income
    • Area: RES - Reseda

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Year Built Source: Vendor Enhanced
    • Entry Level: 1
    • Entry Location: Street
    • Property Attached: Yes
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BuyOwner last updated this listing 05/04/2025 @ 03:31

  • MLS: PTP2503080
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 50,191 sqft, 56,192 sized lot, and 0 parking. are nearby neighborhoods.