Robert Renshaw
This listing was posted on RealtyWW.
$10,000,000
Home For Sale In Northridge, California
Price:
$10,000,000
BR/BA:
10+ BA
Location:
8523 Etiwanda Ave, Northridge, CA
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 barbecue 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. In addition to obtaining new debt, a buyer might consider assuming the existing Chase loan with a balance of $4, 500, 000 and a fixed rate of 3.7% with interest-only payments until July 2025. Furthermore, implementing a comprehensive renovation and reposition strategy for the property offers significant long-term growth potential.For more details: https://realtyww.info/homes_northridge-d80858/for-sale_i70939589
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More About this Listing: Home For Sale In Northridge, California
Home For Sale In Northridge, California is a 10 Bathroom, 10+ BA, 48 Bathroom Single-Family Homes for Sale at 8523 Etiwanda Ave in Northridge CA. Find other listings like Home For Sale In Northridge, California and listings near 8523 Etiwanda Ave by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 48 Bathroom Single-Family Homes for Sale in Northridge CA.
Home For Sale In Northridge, California is a 10 Bathroom, 10+ BA, 48 Bathroom Single-Family Homes for Sale at 8523 Etiwanda Ave in Northridge CA. Find other listings like Home For Sale In Northridge, California and listings near 8523 Etiwanda Ave by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 48 Bathroom Single-Family Homes for Sale in Northridge CA.