7000 Etiwanda Ave - Apartments FOR SALE


Reseda, CA 91335
$5,500,000 USD
7000 Etiwanda Ave, Reseda, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/32
null | 5.82% Cap Rate

7000 Etiwanda Ave
Reseda, CA 91335


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

OVERVIEW

The Azzi Group of Marcus & Millichap is pleased to present 7000 Etiwanda Avenue, a 33-unit + one nonconforming unit multifamily investment opportunity located in Reseda (91335). Built in 1962, the two-story, fee-simple asset totals approximately 19,941 SF on a 27,098 SF lot and features a unit mix of (6) studios and (27) one-bedroom units. Property amenities include a central courtyard with pool, 34 parking spaces (carport and tuck-under configuration), indoor mailbox area, and on-site laundry facilities providing additional income. Utilities are separately metered for electricity with master-metered gas and water. Reseda continues to experience steady rental demand driven by its relative affordability compared to surrounding submarkets and its convenient access to major employment corridors throughout the San Fernando Valley. ?Approximately 49% of all occupied housing units in ZIP code 91335 are renter-occupied—totaling roughly 10,500 renter households—within a population of nearly 75,000 residents. This balanced rent-to-own dynamic, combined with the Valley’s broader population of approximately 1.8 million people, supports sustained multifamily demand and long-term rental stability across the submarket.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

33

PRICE/UNIT

$166,667

CAP RATE

5.82%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7000 Etiwanda Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,098 SF

ZONING

LAR3

APN/PARCEL ID

2125-032-015

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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