Homes for sale - 8523 Etiwanda AVE, Northridge, CA 91325

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Jessica Panzica

Jessica Panzica Real Estate

jessica@jessicapanzica.com +1(714) 313-8193

$9,400,000

Est. payment - /mo

78 Beds

48 Baths

38,234 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 38,234 sqft

Price per Sqft $245

MLS Listing ID 25493719

Bedrooms 78

HOA Y/N No

Year Built 1964

Lot Size 1.116 Acres

Property Description

We are pleased to present the opportunity to purchase a stable, professionally managed 48-unit multifamily asset in the heart of the San Fernando Valley with significant future upside potential. Casa Etiwanda is located at 8523 Etiwanda Avenue in Northridge, CA about 25 miles northwest of downtown Los Angeles. This suburban neighborhood has a population of nearly 62,000 with a strong employment base that creates consistent demand for quality rental housing. Casa Etiwanda offers studio, 1-bedroom, and 2-bedroom layouts providing plenty of options for a wide range of renters. The (31) 2-bedroom, 1-bathroom units, (16) 1-bedroom, 1-bathroom units, and (1) studio unit contain features such as laminate flooring, granite counters, window/wall-mounted HVAC, and dishwashers. The property also has on-site parking for 47 vehicles as well as laundry facilities, a barbeque area, a gym, and a swimming pool. The soft story retrofit has recently been completed. Spread across 1.1 acres, Casa Etiwanda provides tenants with plenty of green space and mature landscaping. All areas of the property including the main building, rear building, and parking lots are secured and accessible only to tenants. Guests are provided access via a central intercom system that rings tenants directly from the front entrance. As an investment opportunity, Casa Etiwanda provides buyers with a stable asset that can be easily financed. Furthermore, implementing a comprehensive renovation and reposition strategy for the property offers significant long-term growth potential.

Location

State CA

County Los Angeles

Area Nr - Northridge

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Carport

Total Parking Spaces 47

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2786007014

Special Listing Condition Standard

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Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

8523 Etiwanda AVE Northridge, CA 91325

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

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