$2,800,000
SOLD JUN 27, 2025

6500 Shirley Ave Los Angeles, CA 91335

24 Beds
16 Baths
11,754 Sq Ft
0.25 Acres

Recently Sold

$238 Per Sq Ft

18% Below List Price

92 Days on Market

About This Home

As of June 2025

16 units in quiet Reseda neighborhood. Twin 8 - unit buildings that are separately deeded. Huge lot - 22,859 sq. ft. with beautiful courtyard. Excellent unit mix - 8 - 1 bedroom + 1 bath and 8 - 2 bedroom + 1 bath units. The buildings were built in 1958 and there is 11,754 sq. ft. of building. Long term owner. The rents are significantly below market with over 50% upside in the rents. Onsite laundry. Individually metered for gas and electricity. New electrical panels. There is an excellent assumable loan with Chase. The current loan balance is $1,077,393, 3.25% fixed until 02/2029. The current monthly payment is $4,942.42. The Seller has given the tenants a rent increase effective 3/1/25. The rents stated in marketing information reflect the 3/1/25 rent increase. The property is centrally located in the San Fernando Valley with easy freeway access. Close to California State University, Northridge, Pierce Junior College, Warner Center and the Topanga Plaza Shopping Mall.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 01/27/2025

Michael Anthony Salerno

Last Buyer's Agent

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 01/27/2025

Michael Anthony Salerno

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Interior Spaces

  • 11,754 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 16 Bathrooms

Parking

  • 16 Parking Spaces
  • Detached Carport Space

Additional Features

  • 0.25 Acre Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 2131-025-015

Community Details

Overview

  • 2 Buildings
  • 16 Units

Building Details

  • Vacancy Allowance $6,538

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 11754
  • Lot Acreage: 0.2517
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 16.00
  • Price Per S Q F T: 274.37

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 54.76
  • Assessed Improvement Value: 431605
  • Assessed Land Percent: 45.24
  • Assessed Land Value: 356539
  • Total Assessed Value: 788144
  • Assessor Parcel Number: 2131-025-015
  • Lot Size Area: 22859

Rental Info

  • Total Actual Rent: 261543.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.17
  • Number Of Units: 16
  • Total Annual Expense: 89553
  • Type Of Units: Apartment
  • Vacancy Allow: 6538
  • Vacancy Allow Percent: 2.50
  • Vacancy Rate: 2.5

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $2,800,000 -13.2% $238 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/09/2025 04/09/25 Price Changed $3,225,000 -5.0% $274 / Sq Ft
01/27/2025 01/27/25 For Sale $3,395,000 -- $289 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-489549

The MLS