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7000 Etiwanda Ave
Reseda, CA 91335
7000 Etiwanda Apartments · Multifamily Property For Sale
·
33 Units
Investment 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
- ATTRACTIVE CURB APPEAL & COMMUNITY LAYOUT - Brick exterior and central courtyard layout enhance visual appeal while fostering tenant retention.
- STRONG PARKING RATIO - 34 parking spaces, featuring a combination of carport and tuck-under parking
- SCALE WITH EFFICIENT UNIT MIX - 33 units + 1 nonconforming unit consisting of (6) studios and (27) one-bedroom units
- POOL AMENITY & OUTDOOR LIVING - Central courtyard pool provides a desirable lifestyle amenity and competitive leasing advantage
- ANCILLARY INCOME FEATURES - Dedicated on-site laundry facility generating additional revenue
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $166,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.62 AC |
| Cap Rate | 5.82% | Building Size | 19,941 SF |
| Gross Rent Multiplier | 9.3 | Average Occupancy | 94% |
| No. Units | 33 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| Gross Rent Multiplier | 9.3 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 19,941 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 533 |
| 1+1 | 27 | - | 708 |
Property Taxes
| Parcel Number | 2125-032-015 | Improvements Assessment | $1,264,416 |
| Land Assessment | $540,997 | Total Assessment | $1,805,413 |
Property Taxes
Parcel Number
2125-032-015
Land Assessment
$540,997
Improvements Assessment
$1,264,416
Total Assessment
$1,805,413
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