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Property 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 49% 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.

Features
: Assigned
Address Map
6225 Reseda Boulevard, Tarzana, California 91335
US
CA
Los Angeles
Tarzana
91335
Yes
Reseda
6225
Boulevard
W119° 27' 50''
N34° 10' 59.9''
We are pleased to announce the opportunity to purchase 6225 Reseda Boulevard, a 30-unit multifamily property located in Tarzana, CA.
TAR - Tarzana
LAR3
Additional Information
2
2
2025-01-29
30
: Two
25718
Listing Information
CLW-C126070
CLW-X75151
Closed
2025-05-15T00:15:59Z
CRMLS
: Standard
2025-04-30T00:00:00Z

Residential Income For Sale

6225 Reseda Boulevard, Tarzana, California 91335

52 Bedrooms
44 Bathrooms
25,718 Sqft Sqft
$6,200,000
Listing ID #25491197
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 25491197
Price : $6,200,000
Bedrooms : 52
Bathrooms : 44
Square Footage : 25,718 Sqft
Year Built : 1962
Lot Area : 0.74 Acre
Office Name : Marcus & Millichap
Agent Name : Roderick 'Rick' Raymundo
Listing Status : Closed
Agent info
All View Realty
Contact Agent
2551569_AVR_Logo_Revamp_7_031025