The subject property is a seventy unit apartment building located in the desirable location of Granada Hills. The property was built in 1971 and is subject to rent control. There is an excellent unit mix of forty seven One Bedroom/One Bath units and Twenty Three Two Bedroom/Two Bath Units. The units are very spacious and have central air conditioning and heat. The property is in a park-like setting and lies on over one and half acres of land. Residents enjoy a nice amenity package such as pool with lounge area & BBQ, recently renovated entrance with intercom access, covered and open parking and an on-site laundry facility. This is a unique opportunity to own a larger apartment building in a submarket where properties rarely come available. With below market rents at the property, a new owner should be able to increase cash flow significantly by implementing unit renovation's as units turn.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
