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7249 Baird Ave, Reseda, CA 91335

$8,960,000
•
  • 41

    bed

  • 41

    bath

  • 29,588

    Sqft ($303/Sqft)

Multi-family for sale 84 days
$690K price drop
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About 7249 Baird Ave

Property type Multi-family
Neighborhood
Year built 1989
HOA fee $0/month
Lot size 0.59 Acre
Movoto estimate
Property description
MAJOR PRICE REDUCTION - Kelly Morgan Multifamily Group presents a rare opportunity to acquire a 39 unit, two-property portfolio on the same block in Reseda (both properties to be purchased together). Priced to move, the offering combines immediate cash flow with significant upside through rental increases and ADU development, all in one of the San Fernando Valley's most walkable and well-located submarkets. Steps from Sherman Way and Reseda Boulevard, these properties offer convenient access to public transportation, nearby retail, dining, parks, and major educational institutions. Overall, this portfolio presents an attractive opportunity for investors seeking both cash flow and long-term appreciation. Disclaimer: Property sold as is, where is.
Listed by
Listing Agent - Kelly Morgan
Listing Office - Houze Real Estate Management
Source: The MLS mls logo
MLS#26852325 • last updated 3 weeks ago
Movoto checked The MLS for data 23 minutes ago
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Overview
Levels/Style Two
MLS # 26852325
Type Residential Income
Status Active
SqFt 29588
Lot Size (SqFt) 25500
Year Built 1989
Interior
Total # of Baths 41
Total # of Bedrooms 41
Exterior
# Parking Spaces 66
Parking Desc Covered Parking
Lot Desc 2-4 Lots
Add'l Structures None
Lot Location Corner Lot
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LAR3
APN 2118-028-047
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 1995
Unit 1: Projected Rent 47880
Unit 1: # Beds 1
Unit 4: # Beds 1
Unit 1: Rent 1838
Unit 2: Rent 2233
Unit 3: Rent 1995
Unit 4: Rent 1885
Unit 2: Furnished No
Unit 2: Projected Rent 4800
Unit 4: Projected Rent 23940
Unit 3: # Beds 1
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 22617
Unit 2: Actual Rent 4465
Unit 3: Actual Rent 1995
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 44100
Total # Of Buildings 3
Net Operating Income 582613
Cap Rate 6.5
Vacancy Rate 1
Gross Income 935338
Gross Operating Income 907277
Gross Rent Multiplier 9.58
Total Annual Expenses 324664
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5/10
Reseda Elementary School
public Grades K-5
Los Angeles Unified School District
3/10
Northridge Middle School
public Grades 6-8
Los Angeles Unified School District
5/10
Reseda Senior High School
charter Grades 9-12
Los Angeles Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • Los Angeles County
  • Reseda
  • 91335
  • 7249 Baird Ave

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