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8004 Shirley Ave 4 Unit Apartment Building $2,495,000 ($623,750/Unit) 4.89% Cap Rate Reseda, CA 91335
Investment Highlights
- Non Rent Control
- New Owner can set their own Capitalization Rate by setting the rent and terms
- Corner Lot
- New owner has the opportunity to occupy one or more units and lease out the remainder
- Strong Residential Area with Single Family Homes
Executive Summary
This is truly a rare opportunity to acquire a brand-new NON-RENT CONTROL 4-unit development, with Certificate Of Occupancy issued in 2026. This corner property is surrounded by well-maintained single-family homes, and is located in the heart of the San Fernando Valley on an attractive tree lined street. Contemporary modern designed units with recessed lights and clean lines, featuring 3 bedrooms, 2 ½ bathrooms, modern kitchens with refrigerator and independent in-unit washer and dryer. Other building features include solar panels, all electric appliances and units which are individually metered. This is a turnkey investment in a very desirable residential community, with new construction and units that have never been occupied before. Hurry Opportunity Knocks!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$170,400
|
$40.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,408
|
$0.80
|
| Effective Gross Income |
$166,992
|
$39.24
|
| Taxes |
$29,625
|
$6.96
|
| Operating Expenses |
$15,269
|
$3.59
|
| Total Expenses |
$44,894
|
$10.55
|
| Net Operating Income |
$122,098
|
$28.69
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $170,400 |
| Annual Per SF | $40.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,408 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $166,992 |
| Annual Per SF | $39.24 |
| Taxes | |
|---|---|
| Annual | $29,625 |
| Annual Per SF | $6.96 |
| Operating Expenses | |
|---|---|
| Annual | $15,269 |
| Annual Per SF | $3.59 |
| Total Expenses | |
|---|---|
| Annual | $44,894 |
| Annual Per SF | $10.55 |
| Net Operating Income | |
|---|---|
| Annual | $122,098 |
| Annual Per SF | $28.69 |
Property Facts
| Price | $2,495,000 | Property Subtype | Apartment |
| Price Per Unit | $623,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.89% | Building Size | 4,256 SF |
| Gross Rent Multiplier | 14.89 | No. Stories | 1 |
| No. Units | 4 | Year Built | 2026 |
| Property Type | Multifamily | ||
| Zoning | RS-1 - R-3 Occupancy. | ||
| Price | $2,495,000 |
| Price Per Unit | $623,750 |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 14.89 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,256 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | RS-1 - R-3 Occupancy. |
Amenities
Site Amenities
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 4 | $4,000 | 1,064 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2105-015-022 | Total Assessment | $800,067 (2025) |
| Land Assessment | $514,998 (2025) | Annual Taxes | $29,625 ($6.96/SF) |
| Improvements Assessment | $285,069 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2105-015-022
Land Assessment
$514,998 (2025)
Improvements Assessment
$285,069 (2025)
Total Assessment
$800,067 (2025)
Annual Taxes
$29,625 ($6.96/SF)
Tax Year
2026
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8004 Shirley Ave