NOT LISTED FOR SALE

7123 Etiwanda Ave Reseda, CA 91335

4 Beds
5 Baths
15,050 Sq Ft
0.56 Acres

Last Sold March 01, 2013

Last sale price $2,900,000 $193 Per Sq Ft

98 Days on Market

About This Home

As of March 2013

Etiwanda Apartments, a 29 plus one non-conforming unit asset located in the infill SVF submarket of Reseda, CA. The property consists of one two story structure which includes a pool and 30 parking spaces. Additionally, Etiwanda Apartments is separately metered for gas and electricity (with the exception of the non-conforming unit), and has a flat composition roof. The property has a unit mix of one two-bedroom/one-bathroom unit, four one-bedroom units, 23 junior one-bedroom units, one non-conforming bachelor unit and one single unit. Since the conversion, City of L.A. Housing Department has inspected the property several times and has never objected to the conversion.The Etiwanda Apartments have been maintained in great condition and provides an investor the opportunity to purchase a turn-key property with upside in rents in a great rental market.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 08/15/2012

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 08/15/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.56

Home Design

  • 15,050 Sq Ft Home

Parking

  • 30 Parking Spaces
  • Uncovered Parking

Additional Features

  • 0.56 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 30 Units

Listing and Financial Details

  • Assessor Parcel Number 2125-003-031

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 15050
  • Year Built: 1976
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 199.34

Exterior Features

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

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 30

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 732702
  • Assessed Land Value: 152725
  • Assessor Parcel Number: 2125-003-031
  • Lot Size Area: 24428

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 9.90
  • Number Of Units: 30
  • 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
03/01/2013 03/01/13 Sold $2,900,000 -3.3% $193 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
08/15/2012 08/15/12 For Sale $3,000,000 -- $199 / 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 $57,442 $4,619,906 $1,615,283 $3,004,623
2024 $57,442 $4,529,320 $1,583,611 $2,945,709
2023 $56,363 $4,440,510 $1,552,560 $2,887,950
2022 $53,824 $4,353,442 $1,522,118 $2,831,324
2021 $52,432 $4,268,081 $1,492,273 $2,775,808
2019 $50,893 $4,141,489 $1,448,012 $2,693,477
2018 $50,356 $4,060,284 $1,419,620 $2,640,664
2016 $48,079 $3,902,621 $1,364,496 $2,538,125
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2013

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    90 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 12-619077

The MLS
California Los Angeles County Reseda 91335

7123 Etiwanda Ave, Reseda, CA

Not Listed for Sale

MultiFamily

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