NOT LISTED FOR SALE

6655 Etiwanda Ave Reseda, CA 91335

26 Beds
16 Baths
13,076 Sq Ft
0.34 Acres

Last Sold May 06, 2022

Last sale price $4,350,000 $333 Per Sq Ft

15 Days on Market

About This Home

As of May 2022

This well maintained 16-unit apartment complex located in a quiet residential neighborhood of Reseda, CA. This property was built in 1962 and features 6 one bedroom one-bathroom units, and 10 two-bedroom one-bathroom units. The property has secured gated access for tenants as well as the parking, located in the rear of the property. The property is centrally located in the south San Fernando Valley; a quiet residential neighborhood on the border of Tarzana and Encino. The property is north of the 101 Freeway, close to major transportation, walking distance to the Reseda Recreation Center, Reseda High School, and endless amenities. This well-maintained asset has the opportunity to renovate interiors and achieve market rents, which are over 30% higher than current rents. Earthquake retrofit work complete (buyer to verify).

Last Agent to Sell the Property

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 02/16/2022

Last Buyer's Agent

David Kaufman

David Ballin Kaufman License #01217537 Listed on: 02/16/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.34 Acre Lot

Interior Spaces

  • 13,076 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 16 Bathrooms

Parking

  • 16 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 2125-017-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 13076
  • Lot Acreage: 0.3357
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 26
  • Laundry: Laundry Area
  • Total Bathrooms: 16.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 321.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 16

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 55.22
  • Assessed Improvement Value: 1906549
  • Assessed Land Percent: 44.78
  • Assessed Land Value: 1545850
  • Total Assessed Value: 3452399
  • Assessor Parcel Number: 2125-017-001
  • Lot Size Area: 14652

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.07
  • Number Of Units: 16
  • Type Of Units: 1+1, 2+1

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 Prior Sale
05/06/2022 05/06/22 Sold $4,350,000 +3.6% $333 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $4,200,000 +25.4% $321 / Sq Ft
01/31/2019 01/31/19 Sold $3,350,000 0.0% $256 / Sq Ft View Prior Sale
10/30/2018 10/30/18 For Sale $3,350,000 -- $256 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $56,340 $4,616,254 $2,069,355 $2,546,899
2024 $56,340 $4,525,740 $2,028,780 $2,496,960
2023 $55,263 $4,437,000 $1,989,000 $2,448,000
2022 $43,069 $3,521,446 $1,576,767 $1,944,679
2021 $42,500 $3,452,399 $1,545,850 $1,906,549
2019 $11,480 $2,394,139 $1,071,441 $1,322,698
2018 $29,663 $2,347,275 $1,050,433 $1,296,842
2016 $28,235 $2,252,286 $1,009,645 $1,242,641
2015 $27,835 $2,218,456 $994,480 $1,223,976
2014 $28,017 $2,175,000 $975,000 $1,200,000
Source: Public Records

Agents Affiliated with this Home

  • David Kaufman

    Seller's Agent in 2022

    David Kaufman

    David Ballin Kaufman

    (818) 464-3211

    1 in this area

    22 Total Sales

    David Kaufman
    Section Image
  • Elliot Hassan

    Seller's Agent in 2019

    Elliot Hassan

    NorthMarq Realty Services, Inc.

    (213) 943-1800

    1 in this area

    38 Total Sales

    Elliot Hassan
    Section Image
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Map

Source: The MLS

MLS Number: 22-127075

The MLS
California Los Angeles County Reseda 91335

6655 Etiwanda Ave, Reseda, CA

Not Listed for Sale

MultiFamily

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