$1.35M

Description

7,500 Income Potential | 3 Units | Projected 6.6% Cap | New Construction 2 ADUs + Garage Welcome to 6836, 6838 & 6838 ½ Aura Ave—an exceptional income-producing opportunity with built-in upside in one of Reseda’s most desirable pockets. This unique property features three fully independent residences on one lot, including two newly constructed ADUs and a newly built garage, offering a rare blend of modern construction and strong rental performance. With 6838 Aura already leased at $1,600/month through June 30th, this property delivers immediate cash flow from day one. The SB9 ADU is projected at $2,300/month, and the main residence at $3,600/month, bringing total projected gross income to approximately $7,500/month and a compelling 6.6% cap rate. The main home (6836 Aura Ave) offers a bright, open layout with updated finishes throughout, including granite countertops, refreshed cabinetry, stainless steel appliances, and upgraded flooring. A spacious backyard with a covered patio enhances livability and tenant appeal. The newly constructed ADU (6838 Aura Ave) is turnkey and designed for premium rental income, featuring a modern open-concept layout, white shaker cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and a sleek walk-in tiled shower. Complete with its own private entrance, patio, and alley access, it offers privacy and strong rental desirability. The SB9 ADU (6838 ½ Aura Ave) presents a major value-add opportunity. Currently being used by the sellers as additional living space, this unit is permitted for a kitchen and already includes gas and plumbing connections. A future owner can quickly unlock its full income potential by simply adding cabinets, a sink, and a stove—instantly converting it into a fully functional rental unit. With its private entrance, dedicated bathroom, and flexible layout, this unit is primed to significantly boost overall returns. The addition of a newly constructed "through-access" garage (alley access and also opens to the backyard), and a layout designed for separation and privacy, further enhances both usability and long-term value. This is a rare opportunity to acquire a modern, income-generating property with immediate cash flow and clear upside potential. Whether you’re an investor looking to maximize returns or an owner-user seeking to offset your mortgage while building wealth, this property delivers on every level.

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