Value-Add Opportunity. Approx. 28% upside potential. 6251-6267 Reseda Blvd, Tarzana, CA 91335 with APNs 2127-012-007 and 2127-012-008 is a 52-unit apartment property located in the San Fernando Valley neighborhood of Tarzana, just one mile north of Ventura Boulevard. Built in 1960, the Property has been owned by the same family for almost 20 years. The current ownership lightly upgraded a handful of units with new laminate flooring and paint and achieved significantly higher rents. If a buyer were to upgrade the units further and bring all the tenants to market, the upside potential is approximately 28% and the cash-on-cash return is approximately 5%. Reseda Gardens features a swimming pool and a well-manicured lawn in a courtyard-style building. The community is gated with carport parking. Two units feature central heat and air and some units have a balcony or patio. Priced below replacement costs. 3 min drive to 101 Frwy, 5 min drive to Ventura Blvd. 3 min walk to Metro Orange.
Listing provided courtesy of
, Laurie J. Lustig
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Tarzana, CA Real Estate
In it’s earliest beginnings, Tarzana was a part of the San Fernando Mission established in 1797 by Spanish settlers and missionaries. Today it’s a residential community located on the site of a former ranch owned by real estate investor and noteworthy author Edgar Rice Burroughs, whose storybook jungle character hero, Tarzan, inspired the naming of the town itself.
The scenery that is associated with Tarzana’s past—rustic, wide open spaces, berry farms, sprawling ranches—helped to set the precedent for the beautiful, ranch-style homes that are frequently encountered today. The town’s real estate landscape consists mainly of single family homes and a handful of condos and townhouses. Properties with large yards, hill and mountain views, and outdoor amenities continue to attract those desiring a home of their own.
Clustered high up in the foothills of Tarzana is the town’s most coveted and exclusive neighborhoods: Mulholland Park, Silverhawk Ridge and Monte Verde Estates. The Tarzana Community and Cultural Center provides programs that benefit all Valley residents while the Tarzana Recreation Center features a multitude of family-friendly resources including lighted volleyball and basketball courts, a gym that doubles as an auditorium, and a park offering picnic tables and barbeque pits. Tarzana is also home to two country clubs, El Caballero and The Braemar Country Club, the latter of which features three magnificent nine-hole courses and a 10-acre practice range.
Elementary and secondary schools within Tarzana are part of LA Unified School District and include Nestle Avenue Charter, Tarzana Elementary, Wilbur Charter for Enriched Academics, Gaspar De Portola Middle School, Diane S. Leichman High School, Granada Hills Charter High School and El Camino Real Charter High School.
Running directly above the northern top of Tarzana is the 101 Freeway, providing convenient access to some of L.A.’s busiest metropolitan centers along the commercial artery of Ventura Boulevard.
Playing host to specialty shops and eclectic dining options is Ventura Boulevard, the bustling east-west thoroughfare that entices the community with favorites such as Sol Y Luna, The Carving Board, and CiCi’s Cafe for breakfast. In addition to being a short commute to the beaches, Tarzana is bounded on the south by Topanga State Park and the north by the Santa Monica Mountains, giving hikers plenty of reasons to explore the region year-round.
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