tomo logo

$1,200,000

Beds
6
Baths
4.0
sq ft
1,704

6933 Etiwanda Ave, Reseda, CA 91335

6933 Etiwanda Ave

Reseda, CA 91335

  • 1 day on market
Unique Investment Opportunity – Two Homes on One Lot in Reseda! Discover the incredible potential of 6933 Etiwanda Ave and 6935 Etiwanda Ave, a rare find in Reseda featuring two separate homes on one lot, both currently rented and generating steady income. This property is perfect for investors or buyers looking for a dual-income opportunity or multi-generational living. The main house is spacious and inviting, rented for $3,500/month, offering comfortable living spaces and modern amenities. The ADU (Accessory Dwelling Unit) is stylish and self-contained, rented for $2,500/month, perfect for additional income or extended family. With a total monthly income of $6,000, this property is an excellent investment with immediate cash flow. Conveniently situated in the heart of Reseda, it’s close to schools, parks, shopping centers, dining options, and major freeways—offering both tenants and owners easy access to everything they need. Whether you’re an investor seeking a high-performing rental property or a buyer looking for a versatile living arrangement, this property checks all the boxes. Don’t miss this fantastic opportunity—schedule a viewing today!

Details

Property type

Single Family Residence

Est. home value

$838,009

Lot size

5,791 sq ft

Price per sq ft

$705

Year built

1952

HOA

Yes

Price History

12/22/2024
CRMLS

CRMLS #SR24253137

Listed
$1,200,000
+108.7%
01/15/2019
CRMLS

CRMLS #SR18226635

Sold
$575,000

Schools & Community

Neighborhood: 

Reseda

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Senior community center: 

Yes

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$715,855
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$388,145
Cash to seller
$715,855

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Royal Pacific Funding Corp

Loan start date

January 2019

Original loan amount

$431,250

Est. remaining balance

$388,145

Interest rate

4.94%

Loan type

New Conventional, 30 year

Seller

Karine Gevondyan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 9:10 PM

Listing updated: 12/22/2024 at 2:29 PM

Listed by: Kristina Akopyan, Beverly Global Realty Phone #: (818) 646-7362

MLS: CRMLS #SR24253137

CRMLS logo

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