6645 Etiwanda Avenue,  Reseda CA, 91335 (Residential Income)

11,734 sqft
Status: Active
MLS#: AR16718881
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Last Updated: 12/5/2016 2:27 AM
Description for 6645 Etiwanda Avenue Reseda, CA 91335
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.
Price
$2,975,000
Los Angeles
11,734 (approx)
AR16718881
Active
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.
Listing Information
Property Type: Cluster, 2 Story
0.33 Acres 1,465,300 sq.ft. 11,734 (approx)
$253.54 1964
2
21 Total
Neighborhood
Room Information
Exterior / Lot Features
None
No Pool
LAR3
Sidewalks, Street Lights, Curbs Walk
Driving Directions
Off Vanowen St., and Reseda Blvd.
Financial Considerations
2125017003
$217,389 Income ,$88,142Expense
Listing Price History

Reseda Real Estate

Reseda is located in California. Reseda, California 91335 has a population of 74,641.

The median household income in Reseda, California 91335 is $53,107. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Reseda 91335 is 35 years.

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Courtesy: Lotus Property Services, Inc. Brian Gordon
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Information is deemed reliable but is not guaranteed.

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