Listed by Marcus & Millichap - Los Angeles
$5,500,000
7000 Etiwanda Avenue
Details
APN 2125-032-015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,941
Units 33
Cap Rate 5.50%
NOI $320,010
Occupancy 94%
Pro-Forma Cap Rate 9.99%
Pro-Forma NOI $556,179
Price per SqFt $276
Year Built 1962
Stories 2
Lot Size (SqFt) 27,098
Zoning LAR3
Parking Spaces 34 spaces
Parking Per SqFt 1.71
Ownership Fee Simple
Multifamily | 33 Units | $166,667/unit
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire 7000 Etiwanda Avenue, a 33-unit + one nonconforming unit investment opportunity located in Reseda, CA 91335.
7000 Etiwanda Ave, Reseda, CA 91335 is located in the Reseda neighborhood of the San Fernando Valley in Los
Angeles, California. Known for its suburban atmosphere, diverse community, and convenient access to shopping,
parks, and schools, Reseda offers a well-rounded lifestyle for residents. The neighborhood’s proximity to major
thoroughfares like the 101 and 405 freeways makes commuting throughout the Valley and the greater Los Angeles
area quick and convenient.
7000 Etiwanda Ave is located in the Reseda neighborhood of the San Fernando Valley in Los Angeles, California. The San Fernando
Valley, often called “the Valley,” is a vibrant region in Los Angeles known for its suburban neighborhoods, diverse communities,
and easy access to both urban amenities and outdoor recreation.
Investment highlights
- The eye-catching brick exterior adds character and curb appeal, giving the property a warm and welcoming presence.
- Convenient combination of a carport and tuck-under parking provides ease and accessibility for residents and guests.
- A central courtyard with a pool offers a tranquil space for residents to unwind and enjoy outdoor leisure time.
- Features an indoor mailbox area for resident convenience, adding a touch of ease and security.
- On-site Laundry
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$320,010.00
$26,667.50/mo
Valuation Metrics
0
DSCR
5.82%
Cap Rate
5.82%
ROI
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