8523 Etiwanda Ave Northridge, CA 91325
Property details
About 8523 Etiwanda Ave
We are pleased to present the opportunity to purchase a stable, professionally managed 48-unit multifamily asset in the heart of the San Fernando Valley with significant future upside potential. Casa Etiwanda is located at 8523 Etiwanda Avenue in Northridge, CA about 25 miles northwest of downtown Los Angeles. This suburban neighborhood has a population of nearly 62,000 with a strong employment base that creates consistent demand for quality rental housing. Casa Etiwanda offers studio, 1-bedroom, and 2-bedroom layouts providing plenty of options for a wide range of renters. The (31) 2-bedroom, 1-bathroom units, (16) 1-bedroom, 1-bathroom units, and (1) studio unit contain features such as laminate flooring, granite counters, window/wall-mounted HVAC, and dishwashers. The property also has on-site parking for 47 vehicles as well as laundry facilities, a barbeque area, a gym, and a swimming pool. The soft story retrofit has recently been completed. Spread across 1.1 acres, Casa Etiwanda provides tenants with plenty of green space and mature landscaping. All areas of the property including the main building, rear building, and parking lots are secured and accessible only to tenants. Guests are provided access via a central intercom system that rings tenants directly from the front entrance. As an investment opportunity, Casa Etiwanda provides buyers with a stable asset that can be easily financed. Furthermore, implementing a comprehensive renovation and reposition strategy for the property offers significant long-term growth potential.
Highlights
Summary
- MLS Number: 25493719
- MLS Name: CRMLS
- Office Name: REMAX COMMERCIAL & INVESTMENT REALTY
- Office Phone: (310) 802-2500
- Listing Agent: Robert Renshaw
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$9,500,000
8523 Etiwanda Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 21, 2012 | Home Sold | $569,500 |
| May 09, 2012 | Home Sold | $6,350,000 |
| Oct 04, 2007 | Home Sold | $6,050,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $7,805,786 | $98,912 |
| 2023 | $7,653,009 | $97,056 |
| 2022 | $7,503,227 | $92,672 |
| 2021 | $7,356,383 | $91,385 |
| 2020 | $7,266,998 | $88,725 |
| 2019 | $7,124,509 | $87,760 |
| 2018 | $6,984,813 | $85,823 |
| 2017 | $6,847,857 | $85,823 |
History based on county public records data.
Nearby schools
4
Magnolia Science Academy 7
Public Charter KG-5
0.3 mi
•18355 Roscoe Blvd
7
Cantara Street School
Public District KG-5
0.6 mi
•17950 Cantara St
4
Napa Street Elementary
Public District KG-5
0.8 mi
•19010 Napa St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,699. The most common annual income of people living in Northridge, CA is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Men's Tennis
Where do the neighbors shop?
H&M
Nordstrom Rack
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
The Cheesecake Factory
What do the neighbors drive?
Honda
Nissan
Volvo
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Urban Adult Contemporary
Frequently asked questions
About 8523 Etiwanda Ave
This home is located at 8523 Etiwanda Ave in Northridge, CA and zip code 91325 in the The San Fernando Valley neighborhood. This 38,234 square foot home, which was built in 1964, sits on a 1.12 acre lot. Features: 78 bedrooms, 48 bathrooms. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $9,500,000.
In January 2025, from all listings sold in Northridge, CA there were more than 294 sold above asking price, over 545 sold below and more than 161 were sold right at the asked price. The inventory of homes for sale in Northridge, CA between December and January 2025 increased by 20.1%. While the average time on the market in January 2025 was 45 days, the median list price was $1,035,435.