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8810 Etiwanda Avenue

Northridge, CA 91325
  • $2,475,000
  • STATUS: Pending
  • ON SITE: 127 Days
  • MLS #: SR21208707
Pending
UPDATED: 46 min ago
$2,475,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1988
County:

School Ratings & Info

Listing Agent(s): Raymond Rodriguez of Keller Williams Realty Calabasas (818-657-6500)


Description

Linterna Townhomes is a beautifully maintained luxurious 2-story, 8-unit multifamily investment property built in 1988 located in Northridge, CA. Construction is wood frame with a combination pitched and flat roof. The property features a painted stucco exterior with brick accent. The asset is 8,062 building square feet on a 7,783 square foot lot zoned LAR3.The apartment units are spacious and consist of (7) one-bedroom/one and half bath townhome units and (1) two-bedroom/two and half-bath townhome unit. Common area amenities include automatic gated subterranean parking, controlled intercom system, and large laundry/folding room. Unit amenities include central A.C. & heat, fireplaces, individual hot water heaters, dishwashers, plenty of closet space and balconies for select units.The building is accessible in the front of the property off Etiwanda Ave. and offers (16) subterranean parking spaces.Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The structure has impressive frontage and attractive curb appeal.8810 Etiwanda Avenue is located in Northridge, CA north of Parthenia Street and west of Lindley Avenue. The property is centrally located near the 101, 405 & 118-freeyways and boasts a "walk score of 75! Nearby destinations include CSUN, shopping centers, parks & recreation center. The closest grocery story is Vallarta Supermarket and nearby coffee shops include Joyce's Coffee Shop and Restaurant, Cafe Aficionado and Starbucks.Low vacancy rates in the San Fernando Valley coupled with continued low interest rates have helped position multifamily investment properties as a highly attractive asset class. With many units at below market rents amidst a thriving rental market, 8810 Etiwanda Ave offers investors roughly 25% rental upside!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-27T21:28:48.753. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/121653406
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8810 Etiwanda Avenue Northridge, CA 91325

  • Price: $2,475,000
  • Status: Pending
  • On Site: 127 Days
  • Updated: 46 min ago
  • MLS #: SR21208707
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1988
Built
Neighborhood:
NR - Northridge
County:
Los Angeles
Area:
NR - Northridge
Property Description
Linterna Townhomes is a beautifully maintained luxurious 2-story, 8-unit multifamily investment property built in 1988 located in Northridge, CA. Construction is wood frame with a combination pitched and flat roof. The property features a painted stucco exterior with brick accent. The asset is 8,062 building square feet on a 7,783 square foot lot zoned LAR3.The apartment units are spacious and consist of (7) one-bedroom/one and half bath townhome units and (1) two-bedroom/two and half-bath townhome unit. Common area amenities include automatic gated subterranean parking, controlled intercom system, and large laundry/folding room. Unit amenities include central A.C. & heat, fireplaces, individual hot water heaters, dishwashers, plenty of closet space and balconies for select units.The building is accessible in the front of the property off Etiwanda Ave. and offers (16) subterranean parking spaces.Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The structure has impressive frontage and attractive curb appeal.8810 Etiwanda Avenue is located in Northridge, CA north of Parthenia Street and west of Lindley Avenue. The property is centrally located near the 101, 405 & 118-freeyways and boasts a "walk score of 75! Nearby destinations include CSUN, shopping centers, parks & recreation center. The closest grocery story is Vallarta Supermarket and nearby coffee shops include Joyce's Coffee Shop and Restaurant, Cafe Aficionado and Starbucks.Low vacancy rates in the San Fernando Valley coupled with continued low interest rates have helped position multifamily investment properties as a highly attractive asset class. With many units at below market rents amidst a thriving rental market, 8810 Etiwanda Ave offers investors roughly 25% rental upside!
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Parking Features UndergroundOne Space Parking Total 16 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features BikingHikingParkStreet LightsSuburbanSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 146507 Gross Scheduled Income 151038 Insurance Expense 2822 Land Lease YN No Laundry Features Common AreaSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContractSubmit Net Operating Income 90358 New Construction YN No New Taxes Expense 30938 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Operating Expense 56149 Other Expense 0 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 2813 Utilities Electricity AvailableSee RemarksWater Available Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-27T21:28:48.753. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Raymond Rodriguez of Keller Williams Realty Calabasas (818-657-6500)