Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    8523 Etiwanda Avenue, Northridge, CA 91325
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    8523 Etiwanda Avenue
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    • MLS#: 25493719 ( Multi-Family )
    • Street Address: 8523 Etiwanda Avenue
    • Viewed: 9
    • Price: $9,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1964
    • Bldg sqft: 0
    • Days On Market: 20
    • Additional Information
    • County: LOS ANGELES
    • City: Northridge
    • Zipcode: 91325
    • Provided by: REMAX COMMERCIAL & INVESTMENT REALTY
    • Contact: Robert Robert
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Property Type
    1. Multi-Family
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836