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6645 Etiwanda Avenue, Reseda, CA 91335

$2,975,000 Approx. USD 0 beds, 0 baths
11,734 sqft

Agent Remarks

21 Units located in the heart of Reseda. The property is separately metered for both electricity and gas. Property offers gated parking, and excellent unit mix of three 2+2, one 2+1, ten 1+1 and seven 0+1 units in this mid-century modern garden style building. Upper units offer the charm of post, and beam ceilings. The spacious units have generous upside in rents. Six studio units are subject to low income screening guidelines. Laundry room not used, additional income for potential Buyer. Low expense ratio, stable tenant profile, new roof and significant upside makes this property excellent investment for an astute investor seeking a value add opportunity. Priced at only $141,667 per door with projected income for next year of over $217,000. This property will not last long! Seller will offer $100,000 credit to Buyer for legal expenses.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# AR16718881
List price is $2,975,000
Beds: 0
Baths: 0
Built in 1964
11,734 sqft
2 stories
0.33 acres
Lot size: 14653.000
County: Los Angeles
Zoning: LAR3
MLS area: RES - Reseda

Last Updated: 10/6/2016

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This listing belongs to the RES - Reseda MLS area

The listing is zoned LAR3.
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Broker: Courtesy of Lotus Property Services, Inc.
Listing Agent: Brian Gordon

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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