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7249 Baird Ave
For Sale $9,650,000 ($326.15 per Sq Ft)
$9,650,000 ($326.15 per Sq Ft)
- 39 Units
- 29,588 Sq Ft
- 25,500 Sq Ft
- Unknown Cap Rate
Description
The Kelly Morgan Commercial Group is pleased to present a rare opportunity to acquire a 39 unit multifamily portfolio consisting of two properties located on the same block in Reseda, California: 27 units at 7249 Baird & 12 units at 18540 Wyandotte (both properties must be purchased together). The metrics on this listing pertain to the portfolio, not individually. The portfolio offers strong in place cash flow with a current 6.27% cap rate and 10.15 GRM, along with significant upside through rental increases and the potential development of up to 9 ADUs. Unlike many Los Angeles apartment properties, the assets are not subject to LA City Rent Control, allowing for annual rent increases of 5% plus CPI. Ideally located near Sherman Way and Reseda Boulevard, the properties benefit from an 86 Walk Score, convenient access to public transportation, nearby retail, dining, parks, and major educational institutions including CSUN and Pierce College. Combining immediate income, value-add potential, and a highly desirable San Fernando Valley location, this portfolio presents an attractive opportunity for investors seeking both cash flow and long-term appreciation. Disclaimer: Property sold as is, where is.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $9,650,000 |
| Property Type | Multi-Family |
| Usable Sqft | 29,588 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1989 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2118028047 |
| MLS # | 26852325 |
| Property ID | 322960913 |
| Lot Sqft | 25,500 |
| Zoning | LAR3 |
| Total Units | 39 |
| Days on Market | 16 |
| Original List Price | $9,650,000 |
| Date Updated | July 03, 2026 |
| Date Created | June 25, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,995 | $1,995 |
| Unit #2 | 1 | 1.00 | $1,885 | $23,940 |
| Unit #3 | 2 | 2.00 | $2,233 | $4,800 |
| Unit #4 | 1 | 1.00 | $1,838 | $47,880 |
| Gross Income (Yr) | $ 908,958 |
| Operating Expenses | $ 316,306 |
| Net Income (Yr) | $ 592,653 |
| Cap Rate | 6.14% |
Listing Provided By
Kelly Morgan an agent of . Lic #01898026
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