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7000 Etiwanda Ave
Reseda, CA 91335

$5,500,000 USD

Apartments For Sale • 33,432 SF

Property Details

Property Type Apartments
Total Building Size 19,941 SF
Lot Size 0.62 AC
Building Class C
Year Built 1962
Zoning LAR3

48 Transit Score

86 Walk Score

                
                    Highlights
                
                                STRONG IN-PLACE CASH FLOW - Underwritten current NOI of approximately $320,010, reflecting a 5.82% cap rate at the asking price based on OM financials
                            
                                SCALE WITH EFFICIENT UNIT MIX - 33 units + 1 nonconforming unit consisting of (6) studios and (27) one-bedroom units 
                            
                                ATTRACTIVE CURB APPEAL & COMMUNITY LAYOUT - Brick exterior and central courtyard layout enhance visual appeal while fostering tenant retention.
                            
                                POOL AMENITY & OUTDOOR LIVING - Central courtyard pool provides a desirable lifestyle amenity and competitive leasing advantage
                            
                                STRONG PARKING RATIO - 34 parking spaces, featuring a combination of carport and tuck-under parking
                            
                                ANCILLARY INCOME FEATURES - Dedicated on-site laundry facility generating additional revenue

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Tenant Controlled HVAC
Heating
Kitchen
Range
Tub/Shower
Public Transportation
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Northridge (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	3.1 mi
Northridge (Pacific Surfliner - Amtrak)	7 min	-	3.1 mi
Airport	Drive	Walk	Distance
Bob Hope	20 min	-	11.6 mi
Los Angeles International	34 min	-	23.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Surface
Included in Rent:	Yes

Tony Azzi Marcus & Millichap

7000 Etiwanda Ave Reseda, CA 91335