8523 Etiwanda Avenue

Northridge, CA 91325

$9,500,000

List Price

78

bed Beds

48

shower Baths

38,234 sqft

straighten / sqft

1964

calendar_month Built

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.

Listing Information

List Price $9,500,000
Status Active
MLS 25493719
Type Residential Income
Year Built 1964
Lot Size 48,613
Structure Size 38,234
Courtesy Of REMAX COMMERCIAL & INVESTMENT REALTY
Listing Agent Robert Renshaw DRE#01332831

Interior Features

Total Bedroom
Bedrooms 78
Total Bathroom
Bathrooms 48
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY 424-293-4770. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 4th, 2025 at 12:30 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.