Northridge, CA 91325,8810 Etiwanda AVE
Northridge, CA 91325,8810 Etiwanda AVE
Northridge, CA 91325,8810 Etiwanda AVE
Northridge, CA 91325,8810 Etiwanda AVE
Northridge, CA 91325,8810 Etiwanda AVE
Northridge, CA 91325,8810 Etiwanda AVE
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$2,305,000

$2,475,000

6.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,784 Sqft Lot


SOLD DATE : 03/23/2022

Key Details

Sold Price $2,305,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR21208707

Sold Date 03/23/22

HOA Y/N No

Year Built 1988

Lot Size 7,784 Sqft

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!

Location

State CA

County Los Angeles

Area Nr - Northridge

Interior

Heating Central

Cooling Central Air

Fireplaces Type See Remarks

Fireplace Yes

Laundry Common Area, See Remarks

Exterior

Parking Features Underground, One Space

Pool None

Community Features Biking, Hiking, Park, Street Lights, Suburban, Sidewalks, Urban

Utilities Available Electricity Available, See Remarks, Water Available

Total Parking Spaces 16

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2769022031

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Contract, Submit

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Raymond Rodriguez • Keller Williams Realty Calabasas
Bought with Raymond Rodriguez • Keller Williams Realty Calabasas
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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