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.
Property Details
Price:
$9,500,000
MLS #:
25493719
Status:
Active
Baths:
0
Address:
8523 Etiwanda Avenue
Type:
Residential Income
Neighborhood:
nrnorthridge
City:
Northridge
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
91325
Lot Size:
48,613 sqft / 1.12 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace
Exterior
Parking Features
Carport
Parking Spots
47.00
Stories Total
2
Financial
Map
Community
- Address8523 Etiwanda Avenue Northridge CA
- AreaNR – Northridge
- CityNorthridge
- CountyLos Angeles
- Zip Code91325
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8523 Etiwanda Avenue
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