Woodland Hills, CA 91364,5480 QUAKERTOWN AVE
Woodland Hills, CA 91364,5480 QUAKERTOWN AVE
Woodland Hills, CA 91364,5480 QUAKERTOWN AVE
$13,860,000
Est. payment /mo
$14,000,000
1.0%
Est.Price: ?

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210 Baths
37,785 SqFt
SOLD DATE : 07/31/2020

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

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TheMLS (CLAW)
Listed by James Capital Advisors, Inc.
Bought with James Capital Advisors, Inc.

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Ivan Perez

Ivan Perez

+1(818) 242-6422

Broker Associate | License ID: 01952891

Broker Associate License ID: 01952891

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