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.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 38,234 SqFt
Listing Office:
Office Name: REMAX COMMERCIAL & INVESTMENT REALTY
Office Phone: (310) 802-2500
Listing Agent: Robert Renshaw
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 78
Exterior Features
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 1.12 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Grover Cleveland Charter High School, Public Charter Grades 9-12
Northridge Academy High School, Public District Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Northridge Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Cantara Street Elementary School, Public District Grades KG-5
Academy For Enriched Sciences, Public Magnet Grades 1-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Other
Directions Information:
Directions: Etiwanda at Chase
Price Information
Listing Price Info
Price Summary:
List Price: $10,000,000
Price Per SqFt: $262/SqFt
Tax Information:
Annual Amount: $91,385
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $9.0M more than the Median Sold Price and $370/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24382149
Listing Office:
Office Name: REMAX COMMERCIAL & INVESTMENT REALTY
Office Phone: (310) 802-2500
Listing Agent: Robert Renshaw
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 8:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 21, 2012
Dec 21, 2012Home Sold
$569,500
May 09, 2012
May 09, 2012Home Sold
$6,350,000
Oct 04, 2007
Oct 04, 2007Home Sold
$6,050,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$91,385
$7,356,383
2020
$88,725
$7,266,998
2019
$87,760
$7,124,509
2018
$85,824
$6,984,813
2017
$85,824
$6,847,857
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Cantara Street Elementary School
17950 Cantara St
Distance between this listing and this school0.62 miles
Public District Grades KG-5
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school7.17 miles
Public Magnet Grades 1-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school14.46 miles
Public Magnet Grades KG-6
Middle School
4
/10
Northridge Middle School
17960 Chase St
Distance between this listing and this school0.42 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school18.85 miles
Public District Grades 6-8
High School
6
/10
Grover Cleveland Charter High School
8140 Vanalden Ave
Distance between this listing and this school1.01 miles
Public Charter Grades 9-12
5
/10
Northridge Academy High School
9601 Zelzah Ave
Distance between this listing and this school1.45 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school2.92 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Cantara Street Elementary School
17950 Cantara St
Distance between this listing and this school0.62 miles
Public District Grades KG-5
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school7.17 miles
Public Magnet Grades 1-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school14.46 miles
Public Magnet Grades KG-6
Assigned Schools
4
/10
Northridge Middle School
17960 Chase St
Distance between this listing and this school0.42 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school18.85 miles
Public District Grades 6-8
Nearby Schools
7
/10
Oliver Wendell Holmes Middle School
9351 Paso Robles Ave
Distance between this listing and this school1.82 miles
Public Magnet Grades 6-8
Assigned Schools
6
/10
Grover Cleveland Charter High School
8140 Vanalden Ave
Distance between this listing and this school1.01 miles
Public Charter Grades 9-12
5
/10
Northridge Academy High School
9601 Zelzah Ave
Distance between this listing and this school1.45 miles
Public District Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school2.92 miles
The neighbors living near this home have an average income of $43,699. The majority of Los Angeles, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8523 Etiwanda Ave
What is the listing price of this property?
The listing price of 8523 Etiwanda Ave property is $10,000,000.
What type of property is this?
The property 8523 Etiwanda Ave is a house located in Northridge, California, 91325.
Is this property for sale now?
Active Listing: 8523 Etiwanda Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8523 Etiwanda Ave are: Cantara Street Elementary School: GreatSchools Rating 6/10Academy For Enriched Sciences: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Northridge Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Grover Cleveland Charter High School: GreatSchools Rating 6/10Northridge Academy High School: GreatSchools Rating 5/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $91,385 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 21, 2012 for $569,500. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 8523 Etiwanda Ave has 78 bedrooms and 48 bathrooms.
What is the square footage of this property?
The property 8523 Etiwanda Ave is 38,234 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8523 Etiwanda Ave is 1964.
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This home is located at 8523 Etiwanda Ave in Northridge, CA and zip code 91325 in the The San Fernando Valley neighborhood. This 38,234 square foot home, which was built in 1964, sits on a 1.12 acre lot. Features: 78 bedrooms, 48 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $10,000,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.