Reseda, CA 91335,6645 Etiwanda AVE

$2,650,000

$2,975,000

10.9%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 12/12/2016

Key Details

Sold Price $2,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR16718881

Sold Date 12/12/16

HOA Y/N No

Year Built 1964

Property Description

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.

Location

State CA

County Los Angeles

Area Res - Reseda

Zoning LAR3

Interior

Fireplace No

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks

Private Pool No

Building

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Others

Tax ID 2125017003

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brian Gordon • Lotus Property Services, Inc.
Bought with General NONMEMBER • CRMLS

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