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Closed
- Listed price
- $5,200,000
- Listed Feb 13, 2019
- Sold price
- $5,300,000
- Sold Jul 23, 2019
16,993 sqft lot|1987 Built|160 days listed
8151 RESEDA, Reseda, CA 91335
Property Description
For sale Camelot Apartments, a value-add 20-unit garden-style building located in the San Fernando Valley neighborhood of Reseda. The property is priced well below replacement cost at $272 per square foot and offers immediate upside as the rents are below market and the building is not rent controlled. At the asking price of $5,200,000, the current cap rate is 4.65% with a GRM of 12.6. We estimate that if a buyer were to spend roughly $20,000 per unit in upgrades, the buyer would achieve a 5.21% cap rate "all in", including the renovation costs. Built in 1987, the property features a desirable unit mix of 18 two-bedroom units and two one-bedroom units averaging almost 900 square feet per unit. The building has gated garage parking with at least one space per bedroom. Units are separately metered for gas and electricity and feature central heat and air conditioning.
Listing agent: Laurie LustigDRE #00979360laurie.lustig-bower@cbre.com, Listing office: Laurie J. Lustig
MLS data updated 10/19/2026, 4:27:05 PM PT
Source: CRMLSMLS #: 19443624
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,300,000
Jul 23, 2019
Available records22019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91335 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91335 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.