For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $13,860,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 37,785 sqft
Price per Sqft $366
MLS Listing ID 20-573914
Sold Date 07/31/20
Year Built 1969
Lot Size 1.074 Acres
Property Sub-Type Multi-Family
Property Description
Affluent Woodland Hills Sub-Market-The subject property is located south of Ventura Blvd which is surrounded by multi-million dollar homes. Generational Asset - 57 Units - This sub-market presents a high barrier to entry. There are less than 10 apartment buildings within a one-mile radius. Prime Location -This property is located one mile from Pierce College, which has more than 20,000 students enrolled every semester. Dense Retail Population - The subject property is surrounded by many national investment grade retailers as well as Taft Charter High School, with approximately 2,500 enrolled students. Approximately 20% in Rental Upside - There is opportunity to grow the net operating income through an extensive renovation program. Additionally, the property is master -metered for gas which allows for an owner to increase rents by up to 5% annually.
Location
State CA
County Los Angeles
Area Woodland Hills
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Assigned
Garage Spaces 60.0
Building
Story 2
Others
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with James Capital Advisors, Inc.
GET MORE INFORMATION

Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891