NOT LISTED FOR SALE

6635 Etiwanda Ave Reseda, CA 91335

8 Beds
6 Baths
16,764 Sq Ft
0.42 Acres

Last Sold August 28, 2015

Last sale price $3,000,000 $179 Per Sq Ft

20 Days on Market

About This Home

As of August 2015

The property consists of a long term stable tenancy. Current rents are more than 35% below market. A savvy investor looking to add value will be able to acquire the asset at $187 per square foot, while the most recent comparable multi-family sale on the same street yielded over $255 per square foot, and with a far inferior unit mix. With sound management practices an investor will be able to raise rents over time and achieve excellent results. The property has been well maintained over the years. Tenants enter the building off Etiwanda Ave. through a private security gate into a tranquil and well landscaped courtyard. The property comes with an on-site laundry facility, gorgeous interior courtyard and covered / uncovered parking gated parking in the rear. There is copper plumbing throughout, a new roof and new exterior paint. Several units have also been upgraded with new kitchen cabinets and sinks. The building is separately metered for gas and electricity.

Last Agent to Sell the Property

Phil Poth

BRC Advisors Inc. License #01485973 Listed on: 05/15/2015

Co-Listed By

Matt Lee

Lilly Enterprises, Inc. License #01881080

Last Buyer's Agent

Phil Poth

BRC Advisors Inc. License #01485973 Listed on: 05/15/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.42 Acre Lot

Interior Spaces

  • 16,764 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Gated Parking
  • Uncovered Parking

Community Details

  • 20 Units

Listing and Financial Details

  • Assessor Parcel Number 2125-017-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 16764
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 187.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking, Gated, Uncovered
  • Total Parking: 10

Lot Info

  • Assessed Improvement Value: 823091
  • Assessed Land Value: 351890
  • Assessor Parcel Number: 2125-017-005
  • Geocode Override: No
  • Lot Size Area: 18314

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.07
  • Number Of Units: 20
  • Type Of Units: Apartment
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $3,000,000 -4.8% $179 / Sq Ft
06/04/2015 06/04/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $3,150,000 -- $188 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,215 $3,551,385 $1,065,414 $2,485,971
2024 $44,215 $3,481,751 $1,044,524 $2,437,227
2023 $43,386 $3,413,483 $1,024,044 $2,389,439
2022 $41,427 $3,346,553 $1,003,965 $2,342,588
2021 $40,854 $3,280,935 $984,280 $2,296,655
2019 $39,664 $3,183,623 $955,087 $2,228,536
2018 $39,234 $3,121,200 $936,360 $2,184,840
2016 $37,359 $3,000,000 $900,000 $2,100,000
2015 $15,890 $1,198,456 $358,920 $839,536
2014 $16,065 $1,174,981 $351,890 $823,091
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Phil Poth

    BRC Advisors Inc.

  • Matt Lee

    Seller Co-Listing Agent in 2015

    Matt Lee

    Lilly Enterprises, Inc.

    (310) 324-7400

    7 Total Sales

    Matt Lee
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Map

Source: The MLS

MLS Number: 15-905655

The MLS
California Los Angeles County Reseda 91335

6635 Etiwanda Ave, Reseda, CA

Not Listed for Sale

MultiFamily

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